These are the BTC price levels you should be watching as $38K emerges from the sand as a bulls’ line

Analysis warns that a weekly close below current levels could be problematic, as key moving averages remain in balance.
This is below the 200-day moving average (MA) and just barely above the 50-day MA. Decentrader’s Filbfilb believes these would need to be reclaimed in order to fuel the bull run. This is below the 200-day moving mean (MA) and just below the 50-day MA. Decentrader’s Filbfilb said that these moving averages would need to be reclaimed to continue the bull run. Source: TradingView. This is often seen as a bullish sign for the market. Typically, for Bitcoin, we see pumps into Death Crosses’ and dumps into Golden Crosses. So, on this basis, the pullback was not surprising. Source: TradingView. Should bulls need more encouragement to enter, $38,000 — which is the site of the 61.8% Fibonacci retracement from $64,500 all time highs — could be the perfect spot.

Relevant news

Leave a Reply