Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$63,061.02

-0.02%

$63,061.02

-0.02%

(24s)

24h Volume

$2,355,377,810.18

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,071.30

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,882.58

Resistance 1$63,145.43

Price$63,071.30

Support 1$62,928.14

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments