1 month ago
10
Key Takeaways
- Bitcoin briefly traded above $81,000.
- The 50-week average sits near $80.8K.
- Historical resistance begins around $82K.
- The 0.382 Fib level sits near $84K.
- Nvidia and U.S. data may test momentum.
Bitcoin has reached the first hurdle on its daily chart
The move above $80,000 did not come out of nowhere. Bitcoin has reclaimed the 50-, 100-, and 200-day simple moving averages after spending much of the summer below them. The May high around $81,000, $82,000 is the first clear obstacle on the daily view.
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