Bitcoin was rejected at $80,000, giving back its gains.
According to CryptoDaily, BTC failed at the 50-day moving average, wiping out its post-midterm-election rebound. It is now trading at the 200-day moving average, with the next significant support below at $65,000.
· This assessment comes from CryptoDaily and is technical analysis, not a report of a price move that has already occurred.
· $80,000 is the level where BTC was rejected this time, and $65,000 is the next support below identified in the analysis.
Which would you watch first: resistance at $80,000 or the 200-day moving average?
$BTC
According to CryptoDaily, BTC failed at the 50-day moving average, wiping out its post-midterm-election rebound. It is now trading at the 200-day moving average, with the next significant support below at $65,000.
· This assessment comes from CryptoDaily and is technical analysis, not a report of a price move that has already occurred.
· $80,000 is the level where BTC was rejected this time, and $65,000 is the next support below identified in the analysis.
Which would you watch first: resistance at $80,000 or the 200-day moving average?
$BTC
