Crypto
Bitcoin Smashes $65K 200-Week Average Amid Bullish Signals
Bitcoin has broken through its $65k 200-week moving average, reaching a price of $76,604.02 on September 13th.
The 4-hour chart shows Bitcoin within Bollinger Bands, with an upper resistance at $77,791.87 and trading below the EMA50 at $77,921.2 but above the EMA200 support at $74,258.3.
Adam Back notes that the RSI(14) is at 33.92, indicating neutral momentum, while the MACD registers a bullish golden cross at -382.07, suggesting potential continuation after any retracement to the lower band near $76,575.54.