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via CoinDesk · By CoinDesk Staff

Gold slips below 200-day moving average offering glimmer of hope for bitcoin bulls

BTC

BTC/USDT

$84,065.08

+0.08%

$84,065.08

+0.08%

(24s)

24h Volume

$15,410,373,305.53

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

CoinDesk Staff

(09:57 AM UTC)

1 min read

Updated byMichael Roberts

0 comments

Gold falls into bear market territory, while a stronger U.S. dollar and rising rate expectations pressure risk assets.

Gold has fallen below its 200-day moving average (200DMA), a widely followed long term technical indicator that tracks the average closing price over the previous 200 trading days.

A break below the 200DMA is often interpreted as a sign that long term bullish momentum has weakened…

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CoinDesk Staff · CoinDesk

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