Trader: BTC/USD falls below 200-day MA for the first time in 10 months
Odaily2024/07/04 08:09
By:Odaily
Odaily News Well-known
cryptocurrency trader Skew pointed out that the BTC/USD trading pair fell below the 200-day moving average (MA) for the first time in 10 months. He explained: So far, the spot sell-off around $63,800 has been the main driver of this trend since the trend rejection reversal. Therefore, in order for the HTF MA to truly become a system trigger for the
market, we need to see market demand and reversal signs, otherwise volatility and momentum will accelerate downward. As of press time, the 200-day moving average is at $58,400, which is still slightly below the spot price after the low time frame rebound. (Cointelegraph)
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Announcement•2025/11/28 09:06
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Bitget Announcement•2025/11/27 08:19
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Announcement•2025/11/27 04:40
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Announcement•2025/11/27 03:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$91,458.85
+0.34%
Ethereum
ETH
$3,036.79
+0.92%
Tether USDt
USDT
$1.0000
-0.00%
XRP
XRP
$2.2
+0.86%
BNB
BNB
$890.38
-0.02%
Solana
SOL
$140.92
-0.26%
USDC
USDC
$0.9998
+0.00%
TRON
TRX
$0.2802
+0.87%
Dogecoin
DOGE
$0.1508
-1.27%
Cardano
ADA
$0.4247
-0.82%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now