Could an Earnings Recession Lead to More Pain for Crypto? – Blockchain News, Opinion, TV and Jobs

Could an Earnings Recession Lead to More Pain for Crypto? – Blockchain News, Opinion, TV and Jobs

Blockchain
August 25, 2022 by secret
653
[ad_1] By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be