Bitcoin Risks Deeper Price Losses Below 50-Day Average: Analysts

Unlike stock markets, cryptocurrencies trade 24/7, which means there is no daily close price as such. Chart analysts, however, consider the last traded price at 23:59 UTC as the daily close to confirm the reliability of technical breakouts/breakdowns.

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• Source: https://www.coindesk.com/markets/2023/07/26/bitcoin-risks-deeper-price-losses-below-50-day-average-analysts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines