Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on September 13, 2022, 07:42:51 AM
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The world’s largest cryptocurrency Bitcoin (BTC) continues showing strength and has given a move above the $22,200 level gaining 3% in the last 24 hours. As per the technical charts, BTC is trading at a crucial junction of its 200-day moving average (MA).The last time, BTC had faced a strong rejection at these levels followed by a major correction. As popular crypto analyst Ali Martinez explains:The last time #Bitcoin reached the 200MA on the 12hr chart, it resulted in a steep correction. The TD Sequential now presents a sell signal at the same level, anticipating a retracement. $BTC must print a 12hr candlestick close above $22,950 to invalidate the bearish outlook. source (https://cryptonews.net/12371979/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)