Bitcoin is now facing resistance at the 200-day moving average (currently around $83,645). After bouncing from recent lows, price is struggling to reclaim this key level, which aligns with prior support turned resistance. A clean break above the 200 MA would be a bullish signal and could open the door for higher prices, but for now, this area is acting as a significant barrier.
scott.melker@texaswestcapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
scott.melker@texaswestcapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.