Bitcoin's Key Levels: Recovery or Bearish Shift?

Bitcoin traders are closely monitoring the two hundred-hour simple moving average near eighty-eight thousand dollars, which has been a ceiling for Bitcoins price since Monday. A break above this level could boost trader confidence and lead to a stronger recovery. The ninety-eight thousand to ninety-nine thousand dollar range and the fifty-week simple moving average at one hundred two thousand dollars are significant resistance levels. Falling below the one hundred two thousand dollar level would confirm a bearish shift, while a drop below eighty-three thousand six hundred eighty dollars would be a serious warning.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.