Bitcoin’s average price across 5-day, 30-day, and 50-day periods are almost the same, indicating low volatility and raising the chances of a price breakout in either direction.) may soon find itself at a critical price crossroads as its average price across three different time frames has now fallen within a tight cluster — signaling a potential breakout.
“After some nice coiling pricing action since March, my boring Bitcoin Trend model triggers,” Real Vision's chief crypto analyst Jamie Coutts said in a June 4 XOn June 4, the Simple Moving Average — which calculates the average of past prices within a specified time window — indicated a convergence across three different periods, the 5-day, 30-day, and 50-day periods. All three intervals fell between $65,000 and $68,239.Bitcoin's three Simple Moving Average's are converging.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin price to ‘sustain’ $265K level once boring consolidation ends — AnalystsBitcoin’s market structure and on-chain data suggest that BTC price could rally to $265,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin might get boring — But Ether may propel LINK, UNI, ARB prices higherAn up move in Ether could boost buying in LINK, UNI, and ARB while Bitcoin searches for direction.
Source: Cointelegraph - 🏆 562. / 51 Read more »