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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

$79,622.01

-1.53%

$79,622.01

-1.53%

(24s)

24h Volume

$17,454,696,812.32

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

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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