Analysis: BTC May Test $80,000; Retest of the 200-Week Moving Average Could Become New Resistance
Svmuu News: Market data shows that the price of Bitcoin has risen above the 200-week exponential moving average (EMA), currently at $68,338. Rekt Capital analysis indicates that Bitcoin is facing resistance at this trend line, and the latest rebound could evolve into a "breakdown followed by an EMA retest to confirm new resistance."The market is watching the liquidity-dense zone above $72,000, anticipating a potential “liquidity sweep.” If bulls successfully reclaim the key moving average and confirm it with a weekly close, $80,000 could become the next target price.AlphaBTC analysis states: “The liquidity hunt for Bitcoin has only just begun; should new bearish catalysts emerge, we expect higher price levels to be tested in the coming weeks.” (Cointelegraph)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Analysis of CSPR Token Value: The Positioning, Technology, and Market Performance of the Casper Blockchain
-
2
Wall Street analysts are bullish on natural gas producer Expand Energy, SM Energy, and oilfield services provider SLB, citing strong Q2 results and growth prospects
-
3
A Guide to the Legality of Cryptocurrency Trading Apps and How to Identify Legitimate Platforms
-
4
Recent Token Unlock Updates: SUI has completed this week’s unlock; FLOCK’s unlock is coming up at the end of the month; JUP has been fully unlocked
-
5
What Is MOC Coin? An Analysis of Moss Coin, Money On Chain, and Their Trading Channels
-
6
An Analysis of WPT Token: Current Status and Future Prospects from Multiple Perspectives
-
7
OKX OKX App Feature Overview and Step-by-Step Guide to Withdrawing Funds to Alipay via Fiat Currency Trading
-
8
What Is LBY? An Analysis of the Libonomy and Lobby Projects and Their Prospects
-
9
Analysis of BBT Token Value: Current Status of the BitBook Project and Investment Risk Assessment
-
10
Exchanging USDC for Chinese Yuan: How-To Guide and Important Notes
Markets Today
Recommended Reading











