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.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: Utoday_en - 🏆 295. / 63 Прочитайте больше »
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.
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »
Источник: CoinDesk - 🏆 291. / 63 Прочитайте больше »