Analysis: Bitcoin faces technical resistance at 200-day moving average
Golden Finance reported that Material Indicators LLC, a financial technology startup that provides algorithmic trading indicators and tools, said that Bitcoin faces strong technical resistance at the 200-day moving average. If the bulls can break through this resistance at the close of Sunday, then this should drive some short-term momentum. If Bitcoin fails to do this, be prepared for the market to test support in the $50,000 to $53,000 range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Thailand SEC proposes retail access to regulated overseas crypto derivatives
Solana fees hit record as validators double pace of inflation cuts
CIMB Thai Bank shares delist from Thailand’s SET on Sept. 12, 2026
Global bond market sell-off intensifies! Australian bond yields hit a fifteen-year high as traders bet on Reserve Bank of Australia resuming rate hikes soon
Due to intensified global sovereign bond sell-offs and domestic inflation and consumption data continuously exceeding expectations, Australia’s benchmark government bond yield has risen to its highest level since 2011.
Crypto prices
More
