Bitcoin traders still favor new $20K lows as Ethereum hits $2K
It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.

It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
The 200-week moving average could see another test from the bulls next, according to signals from exchange order book composition.
Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years.
BTC continues to sell-off, but analysts say investor sentiment could reverse when inflation peaks or traders feel that the situation with insolvent DeFi platforms is resolved.
Sideways action has little time left to run, metrics suggest, as shorters increase bets on a dip below $20,000.
Bitcoin bounces to five-day highs while Ethereum rises above the $1,100 mark.
No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge.
Bitcoin is making a comeback at resistance levels it has seen for many years, and it feels like 2018 is here again.
It feels like 2018 all over again as Bitcoin's old multi-year resistance level comes back with a vengeance.
Shock earnings reports contributed to fresh market weakness, depriving Bitcoin and altcoins of any new gains.