December 7 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin price is almost flat over the last 24 hours. The largest cryptocurrency has been trading near the 20-day EMA ($16,983) for the past 5 days, indicating the bulls and bears are battling for supremacy. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If the price drops below the 20-day EMA ($16,983), the BTC/USDT pair could remain range-bound between $16,000 and $17,000 for a few days.

Today’s Cryptocurrency Headline

Sui Network will Launch Wave 2 Testnet Early Next Year

The Layer1 public chain Sui Network stated on its official website that the Wave 2 testnet will be launched in early 2023, focusing on epoch management, tokenomics, and stake delegation. In addition, it also conducted a review of Sui Testnet Wave 1, which had just finished running, stating that during the operation of Sui Testnet Wave 1, network tests such as Genesis, Monitoring, Communication, Mitigation, and Updates were completed successively.

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