BTC Muted After Crypto Goes Unmentioned in Musk-Trump Interview

One
bitcoin
analyst
sees
renewed
losses
in
the
short
term,

with
the
price
falling
by
$5,000
from
the
going
market
rate
of
around
$58,500.
“Bitcoin
is
likely
to
fall
by
$5K
rather
than
rise
by
the
same
amount,”
Alex
Kuptsikevich
of
FxPro
said
in
an
email.
Kuptsikevich’s
bearish
take
stemmed
from
bitcoin’s
failure
to
keep
gains
above
$60,000
in
the
wake
of
the
death
cross,
a
bearish
crossover
of
the
50-
and
200-day
simple
moving
averages.
“Bitcoin
does
not
break
above
$60K
and
faces
selling
after
it
tried
to
break
above
the
50-
and
200-day
MAs
late
last
week,
showing
seller
dominance,”
Kuptsikevich
noted.
He
added
that
the
14-day
relative
strength
index
(RSI)
no
longer
shows
oversold
conditions,
which
means
scope
for
another
leg
lower,
consistent
with
the
recent
seller
dominance
above
$60,000.