Bitcoin Looks Indecisive After Sell-off in Bonds, Tech Stocks
The largest cryptocurrency has failed to hold above $50,000 amid a downdraft in traditional markets.
Bitcoin’s increasing reliance on purchase announcements for short rallies may not be an entirely healthy trend.
Bitcoin's broader bias remains bullish with prices holding well above the 21-week SMA.
Investors are speculating how a faster-than-expected economic rebound might benefit bitcoin.
Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.
“Cash is king in times of distress, not bitcoin,” said one market watcher.