Bitcoin is sporting a bearish candle on the weekly timeframe since late September, though there's a bright spot—price managed to find support at the 50-week moving average. This bounce-back from that key level could be worth monitoring. Whether it holds and reverses the momentum depends on what happens next. Traders keeping an eye on this technical setup.

BTC3.34%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TxFailedvip
· 2h ago
ngl, the 50-week bounce is giving false hope vibes... seen this movie before, didn't end well
Reply0
tokenomics_truthervip
· 2h ago
The 50-week moving average has held. Whether this wave can rebound depends on how things develop next.
View OriginalReply0
ForkLibertarianvip
· 2h ago
Can the 50-week moving average support hold? It feels like just a one-in-a-million difference.
View OriginalReply0
ColdWalletGuardianvip
· 2h ago
The 50-week moving average at this critical level is indeed quite strong. Once it rebounds, it will depend on whether it can hold its ground.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)