BTC Just Did Something It Hasn’t Done in 9 Months
Bitcoin is back above $75K, but the price isn’t the only thing catching my attention.
$BTC has reclaimed its 200 day moving average for the first time in roughly nine months. That’s a level traders watch closely when trying to figure out whether the broader trend is actually changing.
The interesting part now isn’t just the breakout.
It’s whether BTC can hold $75K and turn it into support.
After the recent move above $70K and the short covering that helped push the rally higher, this is where things get interesting.
I’m watching the reaction around $75K closely. If bulls defend it, the market could start looking very different.
Breakout or another fakeout?
#BTC #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $ETH
Bitcoin is back above $75K, but the price isn’t the only thing catching my attention.
$BTC has reclaimed its 200 day moving average for the first time in roughly nine months. That’s a level traders watch closely when trying to figure out whether the broader trend is actually changing.
The interesting part now isn’t just the breakout.
It’s whether BTC can hold $75K and turn it into support.
After the recent move above $70K and the short covering that helped push the rally higher, this is where things get interesting.
I’m watching the reaction around $75K closely. If bulls defend it, the market could start looking very different.
Breakout or another fakeout?
#BTC #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $ETH