Experienced analyst Henrik Zeberg stated that the upward momentum in Bitcoin continues and emphasized an indicator to pay attention to.
Glassnode founder Yann Allemann October 30 in the postfeatured the remarkable analysis of trading legend macroeconomist Henrik Zeberg. In the detailed analysis presented 200 days While it was stated that the moving average (MA200) was broken, it was emphasized that Bitcoin continued its upward momentum.
MA 200 resistor 30 thousand dollars Stating that it remained at the level of 33 thousand to 35 thousand dollars He said it should be within range.
on the other hand RSI of the level 70% level Reminding that the current situation has passed, analyst Zeberg pointed out that this situation may bring short-term volatility:
A look at the daily situation. The 200-day MA has been broken and the rise continues; The price is currently around 33 thousand dollars. With the break of the $30,000 resistance, the signals changed to an upward direction. But a word of warning. RSI > 70% indicates the asset is overbought and indicates short-term consolidation potential. Eyes should be in the $33k to $35k range.
According to CoinGecko data, in the last 24 hours 1.4% Bitcoin losing value at the time of writing 34,243 It is traded in dollars.