September 25, 2022
BTCUSDT Daily Aug 18 2022 scaled

BTCUSDT Daily Aug 18 2022 scaled

Bitcoin’s relief rally from the $20K area seems to be coming to an end, as the $24K resistance level is rejecting the price once again. The 100-day moving average also acts as a resistance near the same level.

Technical Analysis

By Edris

The Daily Chart:

The 50-day moving average, which is currently located around the $22K level, could provide some support and initiate a rally above the $24K resistance level. In this case, a rapid rise towards the $30K supply zone would be…

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