Technical Pricing: 200WMA vs 200DMA approaching key resistance, assist ranges

by Jeremy

Definition

The Mayer A number of (200D-SMA) 🟢

  • The 200-Day Easy Transferring Common is a typical technical indicator in Technical Evaluation, generally related to the transition level between a Bull and Bear market.
  • The 200 Week Transferring Common (200W-SMA) 🔴The 200-Week Easy Transferring Common supplies a software for capturing the baseline momentum of a traditional four-year Bitcoin Cycle.

Fast Take

  • Via each bear market cycle since Bitcoin’s inception, the worth has used the 200 WMA as assist. Nonetheless, it fell beneath the assist stage following the collapse of TerraLUNA in June 2022.
  • The present 200 WMA is appearing as resistance at $24,800.
  • Whereas the 200 DMA has been an important indicator for bear markets, as the worth has fallen beneath assist in every bear market cycle.
  • Bitcoin reclaimed the 200 DMA on Jan. 13, at the moment priced at $19,700.
Technical Pricing Models: (Source: Glassnode)
Technical Pricing Fashions: (Supply: Glassnode)

The publish Technical Pricing: 200WMA vs 200DMA approaching key resistance, assist ranges appeared first on CryptoSlate.

Supply hyperlink

Related Posts

You have not selected any currency to display