Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why

Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why


BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief.  BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors.  BTC’s price bounces from a low of $15,500 on the daily timeframe as the price moves in a range below the 50 Exponential Moving Average (EMA)

With many looking for a major dump in Bitcoin (BTC) price, the price of Bitcoin (BTC) bounced from $15,500 as price rallied to a high of $16,500, leaving bears on the sidelines. The price action displayed by Bitcoin (BTC) in recent times has yet to be encouraging after its erratic price movement, leading to

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