đ Bitcoin: important resistances to cross!
đ Thanks to a buying reaction below $50,000, Bitcoin managed to return above $60,000.
đ Be careful though: Axel Adler, a recognized analyst from the CryptoQuant site, reports that the price has significant resistance on its path with:
âȘïž the average purchase price of short-term holders (STH) at $64,000
âȘïž the 111-day moving average at $64,000
âȘïž the 200-day moving average at around $62,000
đ And so, the price could be rejected on the various resistances, and in this case, there is significant support around $49,000 with the presence of the 365-day moving average!
PS: If you like this kind of technical analysis, let me know by leaving reactions below —ïž
