Bitcoin Needs $81,700 Breakout To Confirm Bull Market

56m ago•

bullish:

bearish:

A gigantic Bitcoin personified as a powerful locomotive charges along ascending tracks toward a huge metal barrier spanning the entire railway. The locomotive is captured a few meters before impact. Behind the barrier appears an immense mechanical bull, bathed in a brilliant orange light, ready to leap upward. In the foreground, a quantitative analyst watches the scene from a control tower, eyes fixed on several dials and abstract graphs without text.

After a 24% gain in two weeks, BTC stopped its progression and currently stagnates around 77000 dollars. According to CryptoQuant, the momentum remains bullish; however, its confirmation depends on a precise threshold: 81700 dollars, the level of the 365-day moving average. However, before reaching it, the market must still absorb a significant concentration of supply. And beyond that, two new resistances already await bitcoin at 83600 and 88700 dollars.

L’article Bitcoin Needs $81,700 Breakout To Confirm Bull Market est apparu en premier sur Cointribune.

56m ago•

Cointribune

bullish:

bearish: