bitcoin is testing key resistance zone to form next major breakout
Bitcoin BTC$80,949.32 is fighting an important technical battle, trading just below two closely watched long-term trend indicators: the 200-day Simple Moving Average (200SMA) at $82,455 and the 200-day Exponential Moving Average (200EMA) at $82,027, according to Glassnode data. The 200SMA calculates the average closing price over the last 200 days and weights each day equally. […]
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