Bitcoin May Retest $75,000 to $85,000 Range, Support at $81,600: Galaxy Research Head
Alex Thorn, Head of Research at Galaxy, posted, ‘Based on analysis from Bitcoin's supply by price last move (URPD), the $75,000 to $85,000 range is barely traded as the price quickly broke out of it back in November and the market may want to test this range. the 200-day moving average ( MA) is $81,600 and could provide support if prices retest that range.’
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMF urges central banks to remain cautious with monetary easing and recommends emergency fiscal adjustments
LTP receives in-principle approval as a Virtual Asset Service Provider from Dubai VARA
USDC Treasury minted approximately 62,710,000 USDC on Ethereum
Trending news
MoreCrypto prices
More
