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Tuesday

21 September 2021

Bitcoin fails to flip $40K with traders eyeing $36K or lower for support

Bitcoin fails to flip $40K with traders eyeing $36K or lower for support


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"Technical analysis aside, our sense is that the market will keep looking to trade within this 30-40k range in the near-term," the firm told Telegram channel subsrcibers

Formed by the rising 50-day moving average crossing above the 200-day moving average, a golden cross is the opposite of a death cross, a feature which sparked considerable debate when it entered the BTC/USD chart in mid-June

Now, thanks to this week's price uptick, the possibility of a golden cross and its associated bullish implications were "not insignificant," Van de Poppe said, while arguing that as a feature, it has little importance to the market overall

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cointelegraph.com
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