Bitcoin (BTC) continues to rise, revisiting old resistance levels, according to a widely-held cryptocurrency analyst.
Pseudonymous Crypto Trader Rekt Capital To tell Their 326,400 Twitter followers are king crypto holds the 200-Week Moving Average (MA) for 3 weeks.
BTC is holding the 200-week moving average as support for the third straight week
BTC has successfully retested the 200-week moving averages as support and is enjoying an upside continuation.
However, in doing so, BTC has revisited the same resistance price that was rejected a few weeks ago
Red is the resistance that defeats
BTC is at $24,309 at the time of writing, up more than 5% on the day.
Rectonext appear On interoperability blockchain protocol Polkadot (DOT), analysts say DOT needs to hold $9.27 to enter the re-accumulation phase.
“If the DOT could close weekly within this green-green range…
You can then enter a recharge match before rising further
Of course, the DOT needs to hold $9.27 as support to allow that reaccumulation.
DOT is currently at $9.47, well above Rekt Capital’s target and up 10% from yesterday.
Traders are also turning to Oasis Network (ROSE), a decentralized finance (DeFi) platform. say it The week needs to close near $0.12 for ROSE to continue flowering.
ROSE/USDT
Recovered over +40% so far, almost reaching blue resistance
At this stage, ROSE needs a weekly close above about $0.12 (blue) to see further gains.
ROSE is at $0.099 at the time of writing, down 5% over the past 24 hours.
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