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Bitcoin has been unable to break out of its sideways for a prolonged period. Trading at $26.1K at the start of Monday’s session, it’s down just 1.5% over the past 24 hours, 2% over the past seven days, and 0.5% from its level 30 days ago. The 50-day moving average remains active resistance. If the bearish momentum develops, we will closely monitor the dynamics around $25.8K, the previous consolidation area. A failure here could trigger a rapid decline to $25.8K. If the coin doesn’t get bought back here as well a direct path to $20K will open.
Tesla, Inc. TSLA is apparently facing a demand problem amid economic uncertainties and intense competition. A Tesla bear sees more trouble ahead for the…