Bitcoin breaks multiple key resistance levels on path to $26K

Definition

• The 200 Week Moving Average (200W-SMA) 🔴 The 200 Week Simple Moving Average provides a tool capturing the baseline momentum of a classic 4 year Bitcoin Cycle.
• Yearly Moving Average (365D-SMA) 🔵The 365 Day Simple Moving Average provides a long standing baseline for high time-frame market momentum.
• 🔵 Long-Term Holder Realized Price reflects the average on-chain acquisition price for coins held outside exchange reserves, which have not moved within the last 155-days. These reflect the least probable coins to be spent on any given day.

Quick Take

• Bitcoin surpasses $26,000 and, on the way, broke multiple resistance levels.
• The 200 WMA was at $25,277.
• The 365 DMA was at $24,448.
• Long-term holder realized price at $21,958.

Research Analyst at CryptoSlate

James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.

Latest Report

Silvergate: A postmortem

CryptoSlate’s latest report dissects the dying crypto bank to see why it went under and how other banking giants could share Silvergate’s destiny.

Andjela Radmilac · 3 days ago