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Spot
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Trade new tokens before they are officially listed
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Alpha
Points
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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Demo Trading
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CandyDrop
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Quick staking, earn potential new tokens
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Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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One-stop lending hub
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Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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20 USDT
Earn 40% commission or up to 500 USDT rewards
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Bitcoin (BTC) price analysis
Bitcoin is struggling to hold above $52,000. This suggests that the bears are fiercely defending the level. If the price breaks below $50,000, short-term traders will likely give up. That is, they prefer to book profits. This could push BTC back to the 20-day exponential moving average ($48,842).
If the price rebounds strongly from the 20-day EMA, it will indicate that sentiment remains positive and traders are buying at lower levels. This, in turn, would increase the likelihood of a rally above $52,000. BTC is likely to bounce to $60,000 later. Instead, if the price continues to decline and breaks below the 20-day EMA, it will signal the beginning of a pullback towards the 50-day simple moving average ($44,924).
#HotTopicDiscussion btc