Market Update: CryptoQuant Warns of BTC Resistance!

Is the Bitcoin rally slowing down? Here is what you need to know:

The Reversal: BTC dropped 2.3% to $79,300 after hotter-than-expected US producer price data.

The Major Resistance: Bitcoin hit the 200-day moving average at $82,400. Historically, this level acts as a strong bear market barrier.

The 2022 Parallel: In March 2022, BTC failed to break this exact same moving average, leading to a steep crash.

What's your move? Are you buying the dip or holding? 👇

#CryptoTradingInsights #TechnicalAnalysis_Tickeron #BinanceSquare #bitcoinnewsupdate

BTC

78,439.36

+0.21%

BNB

656.65

-0.05%