Bitcoin strong recovery from $50,447.50 shows traders are aggressively buying the dips. However, the failure of the bulls to sustain the price above the 50-day simple moving average ($56,486) today suggests that there is hesitation to buy at higher levels. After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify.
Market capitalization: $2.05T (-5.54%)
The BTC dominance: 50.21% (+2.32%)
Fear & Greed Index: 73 (Greed)
Aggregated Volume — $69.68B
Aggregated Open Interest — $16.91B