MARKET UPDATE: $BTC
$BTC is trading at 81,604.21, printing its first daily close below the 50 day moving average, but price is sitting inside the 80,000 to 82,100 support zone, which makes this a key level for the next move.
Hold this zone and reclaim the 50 MA, and this pushes back toward 84,000 to 86,000. Lose it and this drops back toward 76,000 to 74,000, with the rising trendline near 70,000 below.
TradewithYota
#BitcoinHashrateHitsSevenMonthHigh #bitcoin #BTC #bitcoinanalysis
$BTC is trading at 81,604.21, printing its first daily close below the 50 day moving average, but price is sitting inside the 80,000 to 82,100 support zone, which makes this a key level for the next move.
Hold this zone and reclaim the 50 MA, and this pushes back toward 84,000 to 86,000. Lose it and this drops back toward 76,000 to 74,000, with the rising trendline near 70,000 below.
TradewithYota
#BitcoinHashrateHitsSevenMonthHigh #bitcoin #BTC #bitcoinanalysis