Moneyiar
Menu

Bitcoin Reclaims One-Year Average as Traders Watch 200-Day Level

Bitcoin has returned above its one-year moving average, attracting chart watchers’ attention. AltcoinPro Research says the more important test is whether BTC can hold above its 200-day moving average.

CoinDesk 20 unique views
Bitcoin Reclaims One-Year Average as Traders Watch 200-Day Level

Bitcoin has moved back above its one-year moving average, a development that has drawn renewed attention from technical analysts and chart watchers. CoinDesk reported that the recovery above this longer-term average has generated interest in the cryptocurrency’s trend. However, AltcoinPro Research highlighted a separate level as more significant for assessing Bitcoin’s position: the 200-day moving average. The research group’s view places the focus on whether BTC can remain above that measure, rather than simply crossing back over its one-year average. The development concerns Bitcoin’s broader technical picture and may be relevant to market participants tracking long-term momentum. No conclusion was provided on the direction of Bitcoin or other crypto assets. The related market context includes major cryptocurrencies such as Ethereum and Litecoin, but the reported technical signal applies specifically to Bitcoin.

Source CoinDesk Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
Read original source ↗

Related news

Based on this story’s market and assets

Comments