Bitcoin dropped below its 200-week moving average in the flush to 67,555, and now fights to hold it. 📉
CoinDesk reports Bitcoin slid to 67,770 dollars, its lowest since August 19, and under its 200-week moving average near 68,000 dollars, while PlainBTC puts the Kraken low at 67,500 dollars. 📊 CoinGecko data checked at 02:00 PKT puts Bitcoin near 68,889 dollars, down 3.60 percent in 24 hours, inside a range of 67,922 to 71,560 dollars, with recent 30 minute closes at 68,864, 68,925, 68,989, 68,993 and 68,889 dollars. My reading is that losing the 200-week average on a weekly close would be a real trend break, but a fast reclaim above 70,000 dollars says the flush was leverage, not a cycle top, so this weekend decides which story is true.
Does Bitcoin reclaim 70,000 dollars this weekend, or does the 200-week average become resistance? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinCrash
CoinDesk reports Bitcoin slid to 67,770 dollars, its lowest since August 19, and under its 200-week moving average near 68,000 dollars, while PlainBTC puts the Kraken low at 67,500 dollars. 📊 CoinGecko data checked at 02:00 PKT puts Bitcoin near 68,889 dollars, down 3.60 percent in 24 hours, inside a range of 67,922 to 71,560 dollars, with recent 30 minute closes at 68,864, 68,925, 68,989, 68,993 and 68,889 dollars. My reading is that losing the 200-week average on a weekly close would be a real trend break, but a fast reclaim above 70,000 dollars says the flush was leverage, not a cycle top, so this weekend decides which story is true.
Does Bitcoin reclaim 70,000 dollars this weekend, or does the 200-week average become resistance? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #BitcoinCrash
