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
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