Bitcoin’s 200-Day Average Is Approaching a Record High; Here’s Why It Matters

Bitcoin’s 200-Day Average Is Approaching a Record High; Here’s Why It Matters

27
0
SHARE
This post was originally published on this site

Source: Coindesk.com

Bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022. Past data show the most intense phase of the bull cycle unfolds after this average surpasses its previous peak.

Bitcoin's (BTC) price moved into bullish territory above the 200-day simple moving average (SMA) in October,

Read More https://www.coindesk.com/markets/2024/04/23/bitcoins-200-day-average-is-approaching-a-record-high-heres-why-it-matters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters" appeared first here Coindesk.com.

Source: Coindesk.com

NO COMMENTS

LEAVE A REPLY