Bitcoin At $82K As CryptoQuant Spots A Bullish Shift
Photo: Cointribune
Bitcoin must reclaim its 20-month moving average, located around 87165 dollars, to strengthen the scenario of a new all-time high, according to CryptoQuant. However, this technical signal remains a condition, not a promise of increase, while BTC is still trading near 82000 dollars. The 20-month simple moving average corresponds to the average of bitcoin’s monthly closing prices over the last twenty months. It smooths out short-term movements and helps identify the general market direction. The proximity between the moving average and the start-of-year price strengthens the resistance.
Source: Cointribune
