Bitcoin Daily Analysis: Bitcoin Below All Major EMAs, Distribution Phase Ongoing
Market Overview Bitcoin is currently trading at $62,194, positioned well below all major daily EMAs — the EMA7 at $64,421, EMA20 at $69,879, EMA50 at $73,226, and EMA200 at $80,062 — painting a structurally bearish picture across the higher timeframe. Price is also trading significantly beneath the daily Bollinger Band midline of $71,672, suggesting the…
