Amid the geopolitical turmoil triggered by the detention of the Venezuelan president, Bitcoin broke above the 200-day moving average for the first time since October last year, with a trading price reaching $93,958. This trend suggests that Bitcoin may have escaped the bearish "death cross" pattern, while technical indicators like RSI reaching 65.6 indicate that Bitcoin is accumulating upward momentum without being overbought.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Amid the geopolitical turmoil triggered by the detention of the Venezuelan president, Bitcoin broke above the 200-day moving average for the first time since October last year, with a trading price reaching $93,958. This trend suggests that Bitcoin may have escaped the bearish "death cross" pattern, while technical indicators like RSI reaching 65.6 indicate that Bitcoin is accumulating upward momentum without being overbought.