Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.” In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground. Bitcoin is wedged between the 200-week simple moving average (SMA) and 200-week exponential moving average (EMA), data from Cointelegraph Markets Pro and TradingView shows. At $28,277 and $25,744 respectively, as of Oct. 18, the two trendlines have formed support and resistance since mid-August. For Franzen, this is an important feature to note ... (full story)