Square Site Map
#JoinCreatorCertificationProgramToEarn$10,000
BTC price stuck between two trendlines
Bitcoin’s recent recovery was rejected by resistance from the yearly open at $93,300, which coincides with the 200-period simple moving average (SMA), as shown on the four-hour chart below.
This move, however, saw BTC/USD find support at the $89,000-$90,500 demand zone, where the 50 and 100 SMAs currently are.
BTC price stuck between two trendlines
Bitcoin’s recent recovery was rejected by resistance from the yearly open at $93,300, which coincides with the 200-period simple moving average (SMA), as shown on the four-hour chart below.
This move, however, saw BTC/USD find support at the $89,000-$90,500 demand zone, where the 50 and 100 SMAs currently are.
Bitcoin price is required to rise above the resistance at $92,000 and higher than the 200 SMA to break out of the downtrend and stage a sustained recovery toward $100,000.
$BTC {currencycard:spot}(BTC_USDT) support for a prolonged decline that can go as low as $40,000.