Category: 200day
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Last Three 200-Day MA Crossings Triggered ‘Parabolic Bull Runs’
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This article is also available in Spanish. After a brief dip below the $60,000 level on October 10, Bitcoin (BTC) has regained momentum, approaching its all-time high (ATH) of $73,700, which it reached in March of this year. This price recovery comes after significant fluctuations experienced by the largest cryptocurrency…
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Last Three 200-Day MA Crossings Triggered ‘Parabolic Bull Runs’
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This article is also available in Spanish. After a brief dip below the $60,000 level on October 10, Bitcoin (BTC) has regained momentum, approaching its all-time high (ATH) of $73,700, which it reached in March of this year. This price recovery comes after significant fluctuations experienced by the largest cryptocurrency…
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Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price
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This article is also available in Spanish. The 200-day simple moving average (SMA), a key long-term price indicator for Bitcoin, appears to be losing upward momentum as the U.S. economy slows. Added Fewer jobs in August 2024. Bitcoin must overcome the 200-day simple moving average to reverse the trend The…
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Bitcoin Slips Below 200-Day SMA, Presents Dual Price Potential
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Over the past two years, Bitcoin (BTC) has enjoyed a strong positive price performance, rising more than 300% since the start of 2023. In 2024 alone, the cryptocurrency’s market leader has surged 40% in value, reaching an all-time high of $73,750 in March. However, recent price developments suggest that Bitcoin’s…