Crypto Mining News Daily

Monday, June 17, 2024
HomeAnalysisBitcoin Hangs At $26,200: Why This Is A Crucial Support Level

Bitcoin Hangs At $26,200: Why This Is A Crucial Support Level


Bitcoin has plunged during the last 24 hours and now finds itself at the $26,200 level. Here’s why this level is important for the asset.

Bitcoin 200 WMA & 111 DMA Are Both At $26,200 Right Now

In a new tweet, the analytics firm Glassnode has talked about how the different technical pricing models for Bitcoin may be interacting with the asset’s price currently.

There are four relevant technical pricing models here, and each of them is based on different moving averages (MAs) for the cryptocurrency.

An MA is a tool that finds the average of any given quantity over



Most Popular

Learn How to Mine Crypto

Join our mailing list and receive a free copy of Crypto Mining 101, our detailed guide on how crypto mining works, must have tools to get started, and how to be successful.

Note: We’ll never sell, trade, or abuse your information, and it’s simple to opt out! Read our Privacy Policy here.