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Short term technical headwinds for Bitcoin heading into FOMC

June 14, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Presently, Bitcoin is buying and selling round $26,000, however there are a number of short-term resistance ranges that it’s presently dealing with.
The short-term value holder foundation is round $26,400, the typical value foundation of buyers who maintain Bitcoin for 155 days or much less.
Bitcoin can be buying and selling beneath the 111-day transferring common and 200-week transferring common.
The 11DMA is presently buying and selling round $26,844, whereas the 200WMA is buying and selling round $26,424, which has been used as help ranges for Bitcoin in earlier bear markets.

STH RP: (Source: Glassnode)
STH RP: (Supply: Glassnode)
Pricing: (Source: Glassnode)
Pricing: (Supply: Glassnode)

The submit Brief time period technical headwinds for Bitcoin heading into FOMC appeared first on CryptoSlate.

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