Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Trumpet on October 13, 2021, 02:52:55 PM
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What to know
Bitcoin remains on the offer following Tuesday’s 2.58% drop.
The cryptocurrency is currently trading near the 200-hour moving average (MA) support at $54,500 earlier today, representing a 2.6% drop on the day.
The average acted as strong support during the U.S. trading hours on Tuesday.
The relative strength index (RSI) on the hourly and 4-hour charts remains in bearish territory below 50. So, a continued decline cannot be ruled out.
Acceptance under the 200-hour MA would expose support at $50,000.
Bulls will need to clear the lower high at $56,612 created in Asian hours to take greater control and attack resistance at $60,000.source (https://cryptonews.net/2215665/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)