Why Bitcoin will not retest $20,000 anytime soon

Concerning the banking system crises, Hayes opined that investors would most return to the action of 2020 and 2021.

During that period, a large percentage of investors moved their funds from the traditional sector to the money market and other markets that offeredInterestingly, it seemed that investors were already taking action, based on the Federal Deposit Insurance Corporation The agency noted that total deposits decreased for the fourth consecutive quarter, as it mentioned,

“Total deposits declined $472.1 billion between fourth quarter 2022 and first quarter 2023. The quarterly decline is the largest reduction reported in the QBP since data collection began in 1984. This was the fourth consecutive quarter that the industry reported lower levels of total deposits.”, as its price increased by 1.84% in the last seven days. But in terms of volatility, the Bollinger Bands showed that the king coin has contracted.

However, the uptick may not last due to the state of the Exponential Moving Average . At the time of writing, the 20 EMA had crossed the 50 yellow. Therefore, the press time trend might have turned bearish.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin: Why Ordinals and Inscriptions attracted new addressesBitcoin has witnessed a surge in activity caused by large interest in Ordinals and Inscriptions. Miner revenue could increase over the last few days as well.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin traders can expect this as BTC ends May in redBitcoin retraces to a key dynamic support level as a trendline resistance and $28k becomes a double obstacle for bulls.
Source: CryptoAmb - 🏆 22. / 68 Read more »

How traders can take advantage of Bitcoin’s latest sell-offBitcoin witnessed this year's 5th largest sell off recently, with the majority of the contribution coming from Coinbase. Market indicators looked bearish as well.
Source: CryptoAmb - 🏆 22. / 68 Read more »

How Bitcoin Inscriptions drove transaction volumes, fees on networkAs Inscriptions surge on the Bitcoin network, generating substantial volumes and fees, miners reap the benefits.
Source: CryptoAmb - 🏆 22. / 68 Read more »