Bitcoin Price Touched 200-Day Moving Average

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While lots of investors waiting to see Bitcoin price on 14K to buy spot crypto, Bitcoin moves from 16K to 19K... Lots of investors watched this move with empty crypto wallet...

Bitcoin price touched 200-day moving average. It is one of major signal to enter bullish season...

Bitcoin touched there 28th March 2022 last time and It is rejected and fell down..

So, Today is 2nd day Bitcoin price touched 200-day moving average.. Will it break up?

Ekran Resmi 20230113 22.37.13.png

I think that It is early to break up this great resistance. It is tested 2 times before, It may be too early. So, you should be careful at the weekend..

You can see how bitcoin moves after breaking up 200-day moving average in 2018...

Ekran Resmi 20230113 22.43.06.png

Bitcoin price broke up 100-day moving average. It is important but 200-day moving average is more important.

We will see..

Posted Using LeoFinance Beta

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5 comments
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we're getting closer to the halving and gradually all the resistances will be broken.

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Thanks for you helpful suggestion.

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