BTCUSD getting closer to 200-MA

Jeff_Sun
2023-06-17

BTCUSD getting closer to 200-MA. Some bitcoin miners in my rs watchlist $Cipher Mining Inc.(CIFR)$ $Marathon Digital Holdings Inc(MARA)$ $HIVE Blockchain Technologies Ltd.(HIVE)$ $Bitfarms Ltd.(BITF)$

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BTCUSD daily & weekly at 100-MA on daily but BTC still looks vulnerable for a breakdown from its bearish pennant contraction

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If we look at trailing 50-MA wise, RIOT $Riot Blockchain, Inc.(RIOT)$ price action is treading below it for 2-weeks. MARA $Marathon Digital Holdings Inc(MARA)$ Is still holding and getting really tight in its range

it is the same as how KWEB $CSI China Internet ETF(KWEB)$ FXI $iShares China Large-Cap ETF(FXI)$ broke down but LI $Li Auto(LI)$ held its range before KWEB and FXI pushes it

Nice range break, surprising we don't see similar traction in BTCUSD. just to note ETHUSD remains below 50-MA.

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