View full page at cryptocraft.com

 

Bitcoin: Stands Firm Despite Recent Selloff

From dailyforex.com

In the recent trading session on Thursday, Bitcoin exhibited a rather stagnant performance, with minimal activity. It currently maintains a position above the 20-day Exponential Moving Average. If it were to break below this EMA, there is the possibility of a decline towards the 40,000 level. It's worth noting that the 40,000 level coincides with the 50-day EMA, which has previously acted as a support zone.Conversely, if Bitcoin were to make gains, the $45,000 mark would likely serve as a significant resistance point. Breaking above this level could potentially pave the way for a move towards the 47,500 level, a ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis