Bitcoin Surges Above Key Moving Average, Key Resistance About to Crack
5 Articles
5 Articles
Bitcoin accelerated its rise as expectations strengthened that the US Federal Reserve (Fed) may cut interest rates. As the cryptocurrency surpassed the $82,000 level again, market focus shifted to the critical resistance level that has remained unbroken since May.
🚨 Bitcoin is heading towards the $83,000 resistance level, having risen above the 50-week moving average. 📈 BTC has risen by over 5% in the last 24 hours, trading around $81,400. 💥 Futures trading volume has increased to $84.74 billion, while $214.81 million worth of short positions have been liquidated. 🕒 The market is now focused on whether the weekly close will come above this technical level. Read More: Bitcoin Rises Above 50-Week Moving…
Bitcoin Surges Above Key Moving Average, Key Resistance About to Crack
Bitcoin has decisively reclaimed its closely watched 50-week moving average.
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