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via BeInCrypto · By Phil Haunhorst

Adam Back Flags Bitcoin’s 200-Week Average as a Structural Bull Signal

BTC

BTC/USDT

$64,343.66

+0.05%

$64,343.66

+0.05%

(24s)

24h Volume

$11,611,587,275.62

24h H/L

$64,823.52 / $63,270.00

Change: $1,553.52 (2.46%)

Long/Short

63.0%

Long: 63.0%Short: 37.0%

Funding Rate

+0.0043%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,300.00

▲ 1.56%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,444.00

Resistance 1$64,699.58

Price$64,300.00

Support 1$64,175.98

Support 2$61,895.10

Support 3$59,130.91

Pivot (PP):$64,145.17

Trend:Downtrend

RSI (14):42.1

Phil Haunhorst

(05:06 PM UTC)

1 min read

Updated byDavid Kim

636 views

0 comments

Bitcoin’s (BTC) 200-week moving average has climbed past $61,000. Blockstream CEO Adam Back flagged the threshold on May 30, weeks after noting the same indicator crossed $60,000 in early May.

The indicator has risen roughly $1,000 in under a month, a pace that reflects steady absorption of supply by long-term holders at current price levels.

A Rising Long-Term Floor

The 200-week moving…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Phil Haunhorst · BeInCrypto

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