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Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and K
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Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K

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Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and K
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Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K

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Source: Coin Telegraph

Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.

Bitcoin (BTC) price rallied to $65,851 on Sept. 26 as markets responded to global macroeconomic events, placing BTC in a ‘good position,’ according to traders.

BTC/USD daily chart. Source: TradingView

The strong reversal in Bitcoin’s price direction has many traders wondering what to expect next from BTC going forward.

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Author: Nancy Lubale

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