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Bitcoin Correction Risks Mount, Money Market Liquidity Could Come To BTC’s Rescue

Avatar photo Sonny S. Watts 10 hours ago

Bitcoin (BTC) price failed to hold above $111,000 on Sept. 9, following the token’s rejection near $113,000. Recent price action for the token has been devoid of any excitement, with the token slipping back under pressure. Momentum weakened across daily charts. The 20-day and 50-day exponential moving averages both tilted lower, highlighting fading momentum after […]

The post Bitcoin Correction Risks Mount, Money Market Liquidity Could Come To BTC’s Rescue appeared first on CoinChapter.

Written By

Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.