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TDUX
Aug 30 - 08:55 PM

Bitcoin - Longs Warsh-Ed Out, Disrupting Bullish Chart Outlook

By Ewen Chew  —  Aug 30 - 07:56 PM

• Bitcoin tumbles to $77,066 in Asia Monday, tipping lower

• Falls out of Bollinger uptrend channel, below Fibo $78,774

Bullish indicators nullified, long capitulation to ensue

• Nearest chart support is 21 DMA, substantially lower at $71,894

• USD recovery inspired by Fed's Warsh weighs on crypto

• Warsh signals rate tightening to address inflation
BTC


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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