Bitcoin pierced the 30-day moving average support. Who is the real culprit?
With Powell's hawkish speech on March 31, expectations of interest rate cuts have been shrinking. BTC (Bitcoin) fell sharply for two consecutive days on April 1st and 2nd, falling below the 30-day moving average support, falling from a maximum of 71k to 65k, a drop of more than 8%.
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