#BTCvsMarkets
Last 24 h
✅ Bitcoin advanced from 88,900 USD to 94,500 USD, which means it gained 6.3%.
🛑 Nasdaq fell by 0.7% and the S&P 500 by 0.4%, while gold rose by 0.9%.
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🔑 What happened with the 92,000 USD
1. Sell barriers: until recently, many investors had placed sell orders around 92,000 USD. It was a level that Bitcoin had not managed to clearly surpass for several weeks.
2. Break accompanied by volume: the crossing of that level was not a simple price crossing, but it came with a 25% increase in trading volume compared to the daily average. This shows that new hands entered willing to buy at that point.
3. Signal of strength: when an asset surpasses a historical resistance with more volume than usual, analysts interpret it as the start of a sustainable bullish trend, because it indicates that the market “burns” the sell orders and pushes the price to higher levels.
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