In the latest cryptocurrency market update, Bitcoin (CRYPTO: BTC), Solana (CRYPTO: SOL) and Pepe (CRYPTO: PEPE) are all demonstrating potential signs of a bullish reversal, indicating a possible recovery from recent bearish trends.
What Happened: According to data, Bitcoin is testing a key technical formation that could reverse its recent bearish trends. The digital currency is trading just below $85,000, nearing the 200 EMA at approximately $87,500, and challenging the 100 EMA.
A firm close above the 200 EMA could signal a significant death cross reversal, sparking renewed optimism in the broader cryptocurrency market.
In addition to …Full story available on Benzinga.com
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