Bitcoin’s SMA-120 Cross Indicates Potential Shift to Neutral-Bullish Market Phase
Main Idea
Bitcoin’s SMA-120 crossing zero indicates a potential trend reversal, suggesting a shift to a neutral-bullish market phase.
Key Points
1. Bitcoin’s SMA-120 crossing zero signals a potential market shift, indicating a neutral-bullish phase.
2. Key price supports at $105,000 and resistance at $110,500 identified.
3. Analysts suggest a neutral-bullish phase may attract new investors.
4. Bitcoin’s current price is $116,655.62, with a 1.83% increase in 24 hours and a 7.29% increase over the past 30 days.
5. Bitcoin dominates 60.02% of the market with a 24-hour trading volume of $66.66 billion.
Description
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