Bitcoin trading in a tight range, but reclaims 200 WMA

exchange68September 13, 2024

0 0 2 minutes read

Bitcoin is currently trading between the 111-Day Simple Moving Average (111DMA) at $26.9k and the 200-Week Simple Moving Average (200WMA) at $26.4k. These critical levels provide insights into the short-mid term market momentum and the baseline momentum of a classic 4-year Bitcoin Cycle. An intriguingly similar setup unfolded in 2015, when Bitcoin briefly fell below the 200WMA… Now, as Bitcoin has reclaimed the 200WMA and tested the 111DMA, what could this mean for the future of the cryptocurrency market? Find out how this important comparison may impact…

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