After an extended period of sideways consolidation, Bitcoin witnessed a downtrend, breaking below the significant support zone of $59K.
Nevertheless, Bitcoin found significant support at a crucial zone, the 0.618 Fibonacci retracement level, aligned with the vital 100-day moving average at $59K. This region sparked a bullish reversal, raising expectations for a renewed positive trend in the mid-term.Analyzing the 4-hour chart reveals heightened selling pressure after Bitcoin failed to surpass the $68K threshold. This led to a noticeable downtrend, breaking below the lower trendline of the wedge, hovering around $59K.
This metric calculates the average short-term realized price, encompassing transactions occurring within a span of less than 155 days. It is derived by dividing the realized cap by the total coin supply, providing a weighted average price based on what short-term holders paid for their coins.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »
Bitcoin dumps 'bull market excess' as daily ETF outflows pass $500MBitcoin bull market correction analysis suggests that current BTC price action is healthier compared to 2021, despite ETF investor nerves.
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »