Analyst: Bitcoin breaks through key moving average, key resistance about to be overcome
2026-09-04 04:58:18
According to CoinMeta, Bitcoin has clearly broken through its much-anticipated 50-week moving average, with the current price at around $81,400, representing a rise of over 5% in the past 24 hours. Analysts point out that the current key resistance level is between $82,000 and $83,000. According to Galaxy Research data, there is a high level of market attention to the 50-week moving average, which has acted as an important resistance for Bitcoin over the past year. In the past 24 hours, approximately $230 million worth of Bitcoin positions were liquidated, including $214 million in short positions.
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Source:U.Today
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