Bitcoin Moves Above One-Year Average as Focus Turns to 200-Day Level
Bitcoin has regained its one-year moving average, but AltcoinPro Research says holding above the 200-day average is the more important signal.
Bitcoin has climbed back above its one-year moving average, drawing attention from analysts who track price charts, according to CoinDesk.
AltcoinPro Research places greater weight on a different benchmark: the 200-day moving average. It says the key question is whether bitcoin can remain above that level.
The research firm's assessment distinguishes a move above a long-term average from the ability to sustain it, putting the focus on bitcoin's subsequent price action.
Source: CoinDesk
