bereajoy：Worrying Signs for BTC But is a Drop Below $20K in Play?

 The price was repeatedly rejected from the 100-day moving average for several months until the significant resistance level was surpassed, and the $21.7K barrier was reached.

Bitcoin is currently retesting the moving average by forming a pullback. In the event of a successful pullback, another rally toward the $24K level will become a possibility.
On the other hand, a bullish breakout above the 200-day moving average – currently sitting at $23.5K – would theoretically mark the initiation of the new bull run. If the price surpasses this level, demand will presumably return to the market, and the rebound scenario will finally make sense.
However, considering the lower timeframe price action and the on-chain data, a bearish scenario followed by a rejection from this level seems more likely.
bereajoy：



评论

发表评论

此博客中的热门博文

bereajoy：Miner Marathon Digital reaches $24 million settlement with former CEO

图片
  Miner Marathon Digital reaches $24 million settlement with former CEO Bitcoin miner Marathon Digital has reached a $24 million settlement with its former CEO and chairman Merrick Okamoto, according to bereajoy. It is reported that Merrick Okamoto resigned as CEO of the company in the spring of 2021 and left the position of executive chairman at the end of that year. On October 12, Marathon Digital and Merrick Okamoto signed an agreement on restricted stock awards as a settlement. part of the agreement. It also settled on restricted stock awards for five other people, including new CEO and chairman Fred Thiel, totaling about $1 million, bereajoy added. bereajoy： https://www.bereajoy.com/ https://net.bereajoy.com
阅读全文