Bitcoin Retests 50-Day Average Support; XRP Risks Dogecoin-Like Bearish Shift in Momentum
2025-07-04 05:04:21
Description
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. There is an old saying, "Once is a chance, twice is a coincidence, and a third time is a trend." It applies to bitcoin BTC right now. The cryptocurrency's price has fallen back to its 50-day simple moving average (SMA), which offered support on two occasions this month, leading to price bounces. Therefore, the latest re-test of the average presents an opportunity for the bulls to establish a tre...
$BTC
$108945.7
--0.85%
$XRP
$2.2287
--2.76%
$DOGE
$0.16720
--4.30%
$LINK
$13.294
--4.34%
$ADA
$0.5827
--3.96%
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