BTC Retesting 50-Week Moving Average
When the price breaks the 200-day moving average like it did today, sometimes we can learn something by looking at the weekly chart. Right now BTC price is re-testing the weekly SMA(50) and the daily SMA(200) moving averages.
A breakdown against the 200-day is concerning, but more concerning is if the 50-week doesn't hold. The next support is around $18,800 at the weekly SMA(200), which would be a hard pill to swallow.
It hasn't happened yet, but something worth watching.
A breakdown against the 200-day is concerning, but more concerning is if the 50-week doesn't hold. The next support is around $18,800 at the weekly SMA(200), which would be a hard pill to swallow.
It hasn't happened yet, but something worth watching.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.