Bitcoin Tests Key Resistance Zone to Form Next Major Breakout
Bitcoin BTC$80,949.32 is waging a key technical battle and trading just below two closely watched long-term trend indicators: the 200-day simple moving average (200SMA) at $82,455 and the 200-day exponential moving average (200EMA) at $82,027, according to Glassnode data. The 200SMA calculates the average closing price over the last 200 days, weighting each day equally. […]
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