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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
$62,874.32
-0.03%
$62,874.32
-0.03%
(24s)24h Volume
$11,365,517,842.86
24h H/L
$63,999.00 / $62,436.59
Change: $1,562.41 (2.50%)
Long/Short
62.5%
Long: 62.5%Short: 37.5%
Funding Rate
+0.0014%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(09:57 AM UTC)
1 min read
852 views
0 commentsGold 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…
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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