Analysis: Bitcoin is Once Again Above the 200-Day Moving Average, Bullish Outlook Expected
According to analyst @ali_charts, BTC has once again surpassed the 200-day moving average, which is a historically positive signal that often indicates further price increases. Bitcoin formed a "death cross" on the daily chart on April 6—a technical formation where the 50-day moving average (MA) falls below the 200-day moving average.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoinList Introduces Passive Investment Opportunities with SOL and Ethena's USDe
Today's Fear and Greed Index Drops to 54, Level Changes from Greedy to Neutral
Ethereum Community Members Propose New Fee Structure for Application Layer
Trending news
MoreCrypto prices
More
