Bitcoin slid under $107,000 in Friday’s Asian session, extending a slow drift lower as macro uncertainty and liquidity stress kept traders cautious across crypto markets.
“The rebound on Sunday and Monday did not develop, and the 50-day moving average acted as local resistance,” noted Alex Kuptsikevich, FxPro chief market analyst, in an email. “The market is again testing the strength of 3-month support near current levels. Such persistence from the bears suggests that the next stage will be a test of the 200-day average, which passes through $3.5 trillion.”
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Author: Shaurya Malwa
