Today news
About the same in other media
Bitcoin tests yearly moving average as $100K by Christmas needs 'small miracle'
Reading now: 298
Bitcoin (BTC) prepared a showdown with a key moving average (MA) price trend on Dec. 19 with time running out for a strong 2021 close.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at $47,000 Sunday, still firmly in an established range.
That price is currently the location of Bitcoin's one-year MA trendline, an important historical line in the sand that has enabled considerable upside if BTC/USD preserves it as support.
"The 1yr MA is a pretty important bitcoin bull/bear pivot level historically and we are sat right on it now," Philip Swift, creator of on-chain data resource Look Into Bitcoin, commented.
A bounce would still leave a vast amount of ground to recover in order to post an end-of-year closing price
Read more on cointelegraph.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
