Extreme Fear Signals Possible Bitcoin Capitulation Near $65,000

Traders Union672 FollowersFollow5ShareSavePlay(3min)CommentsSummaryOn February 12, Bitcoin broke below the short-term MA20 and MA50 moving averages, triggering technical selling.It tested the $65,000 level, underperforming the broader cryptocurrency market amid a macro-driven sell-off.The key risk remains a breakdown below $65,420, which could trigger stop-loss orders and target the next support near $64,000.

Getty Images By Yaroslav Dmytrenko Bitcoin (BTC-USD) tested the $65,000 level, underperforming the broader cryptocurrency market amid a macro-driven sell-off. Mixed U.S. labor market and home sales data have prompted investors to move away from risk assets. On FebruaryThis article was written byTraders Union672 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.