Picture of the author

Mastering Crypto

09/23 07:37

Bitcoin price analysis

Bitcoin has been trading between the moving averages for the past few days. This tight-range trading indicates indecision between the bulls and the bears about the next directional move.

Buyers are attempting to keep the BTC/USDT pair above the 20-day exponential moving average ($26,520). If the price rises from the current level, the bulls will again try to overcome the barrier at the 50-day simple moving average (SMA) ($27,050). If they are successful, the pair could surge to the next resistance at $28,143.

In contrast, if the price plummets below the 20-day exponential moving average (EMA), it will suggest that the bears are back in command. That will increase the possibility of a retest of the pivotal support at $24,800.1695454781875.png

#Win 200 USDT: Share Your Take on HTX’s Q1 Report#Guess the Top Gainer on HTX#Claim1,200 USDT in the Monthly Creation Challenge
3Share

All Comments0LatestHot

avatar
LatestHot