Short term technical headwinds for Bitcoin heading into FOMC

quick take

  • Bitcoin is currently trading around $26,000, but there are some short-term resistance levels it is currently facing.
  • The short-term cost holder base is around $26,400, which is the average cost base for investors holding bitcoin for 155 days or less.
  • Bitcoin is also trading below its 111-day and 200-week moving averages.
  • The 11DMA is currently trading near $26,844 and the 200WMA is trading near $26,424, which has been used as a support level for Bitcoin in past bear markets.
STH RP: (Source: Glassnode)
Price: (Source: Glassnode)
Price: (Source: Glassnode)

A post on Bitcoin’s short-term technical headwinds heading into the FOMC first appeared on CryptoSlate.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button