#Rekt #Capital highlighted the ongoing significance of the 200-period moving average (#MA) on weekly timeframes, this currently sitting at $25,350 and primed for a resistance/support flip.

This is #negligible, and reflects the support test astride the 200-Day #MA.
 

This is #negligible, and reflects the support test astride the 200-Day #MA.
 

 

This is #negligible, and reflects the support test astride the 200-Day #MA.

#Bitcoin price had never dropped below the 200-week #MA until November 2022, and reclaiming this level could encourage #technical #buyers to join the #bandwagon.

However, this was not the case in 2019, when the #price continued rising without a pullback to the 200-day #MA.

#BTC/USD usually retests the 200-day #MA on a #breakout, which raises the possibility of a correction toward $19,500.

#Bitcoin’s price surpassed the 200-day moving average (#MA) at $19,600, which could encourage paper #traders looking to open a long position.

This is #negligible, and reflects the support test astride the 200-Day #MA.

This is #negligible, and reflects the support test astride the 200-Day #MA.

This is #negligible, and reflects the support test astride the 200-Day #MA.

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

This is #negligible, and reflects the support test astride the 200-Day #MA.

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

“If #Bitcoin manages to break above the 200-week #MA cloud, which is becoming increasingly likely, we’re going to see a lot more #TradFi coverage of #crypto again,”

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.

This is #negligible, and reflects the support test astride the 200-Day #MA.

Suggesting the worst of ongoing sell-pressure has passed - meaning a bounce off the 200 Day #MA could see #skyrocket velocity upwards.