Bitcoin price near $60,000 faces resistance at 200-day moving average; bullish momentum, but uncertain breakout.

From Cointelegraph
September 13, 2024 2:38:15 pm:

Bitcoin’s price surged towards $60,000, but faces a challenge breaking above the 200-day moving average. The bullish momentum is strong, but it remains to be seen if it can overcome this key resistance level.

Investors are closely watching Bitcoin’s movements as it hovers near the $60,000 mark. Breaking through the 200-day moving average could signify a significant bullish trend and potentially attract more institutional investors.

Read more at Cointelegraph: Bitcoin liquidations won’t be enough to break $70K+ range high — Here’s why