Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum?
Bitcoin reached a new all-time high of $112,000 before experiencing a sell-off due to geopolitical tensions following comments from US President Donald Trump about potential tariffs on EU imports. This led to a risk-off sentiment in global markets, causing Bitcoin prices to decline. Analysts note that the retracement is typical after a strong rally, highlighting the crypto market's sensitivity to macroeconomic news. Bitcoin has returned to the daily EMA 8 moving average, which could indicate that bullish control remains if it holds. A break above $115,000 is necessary for confirming a sustainable bullish phase. If Bitcoin bounces from the EMA 8, bullish momentum may resume; failure to hold could increase downside risks amid ongoing market instability.
