HomeUncategorizedBitcoin price holds 200-day trend line as trader predicts low is in By Cointelegraph

Bitcoin price holds 200-day trend line as trader predicts low is in By Cointelegraph

September 1, 2023

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© Reuters.

(BTC) is retaining this week’s gains, with some traders doubling down on their bullish BTC price bets.

1-hour chart with 200-day EMA. Source: TradingView

A key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD annotated chart with 200-day EMA. Source: Moustache/X
BTC/USD annotated chart. Source: Rekt Capital/X