Bitcoin (BTC) Successfully Breaks Through Important Resistance: What's Next?

$BTC successfully breaks two resistances yet fails to accelerate growth

It broke through $21,000 and gained a foothold above the 21-day exponential moving average, which acts as the first resistance for any asset that moves in a downtrend or as a support for assets that are trending up.The only resistance ahead of it is the 50-day moving average, which acts as Bitcoin's next level to conquer.

Usually, when assets enter a range between two moving averages, they tend to move from one level to another if it is not breaking through either one.The lack of trading volume and inflows into the market may cause another plunge below $21,000, which might be the end of the mild recovery rally we saw a couple of days ago. The next support level for

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Saturday, Following Recent Gains – Market Updates Bitcoin NewsBitcoin was marginally higher to start the weekend, as bulls were able to fight through Friday’s volatility.
Read more »

Bitcoin 'cheap' at $20K as BTC price to wallet ratio mimics 2013Bitcoin returns to 2013 in terms of price/address ratio as BTC price downside makes a 'compelling' case.
Read more »

52,000 BTC Bought by Bitcoin Sharks Over Past Month: ReportBitcoin sharks raise their holdings to 4.29 million $BTC: Santimentfeed. saylor MicroStrategy
Read more »

Bitcoin (BTC) Price Analysis for July 9$BTC price analysis: if bulls can hold the initiative until the end of the week, traders may expect growth to the $24,000-$25,000 area Bitcoin BTC BTCprice
Read more »

Bitcoin's Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower – Mining Bitcoin News30-day statistics show Bitcoin's hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s.
Read more »

Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21KBitcoin lines up its best weekly gains since March as BTC price approaches a new close.
Read more »