Find the BEST Respected Moving Average Support & Resistance Lines

A Year to Bitcoin’s Beautiful Journey

Charting the story of Bitcoin's BTCUSD price in the last year

A year ago Bitcoin was plotting something… bouncing off strong support and trading close and below a best respected resistance line caught our eyes:

BTCUSD with 78/80/335/351-week MA support and resistance lines, as of Sunday, 4 June 2023, weekly chart

Then it revealed its plan – and there came the break:

BTCUSD with 78/80/335/351-week MA support and resistance lines, as of Sunday, 25 June 2023, weekly chart

The cryptocurrency’s price had challenges at the $30K level. After a few weeks of struggle – it dropped. However, it was beautifully held by its once-resistance-now-support moving average lines:

BTCUSD with 78/80/335/351-week MA support and resistance lines, as of Sunday, 10 September 2023, weekly chart

After a few good weeks of rest Bitcoin launched its upward attack:

BTCUSD with 78/80/335/351-week MA support and resistance lines, as of Tuesday, 5 December 2023, weekly chart

What a remarkable journey!

BTCUSD with 78/80/335/351-week MA support and resistance lines, as of Sunday, 19 May 2024, weekly chart

We previously published 23 posts on Bitcoin, catch them all here.

Auto.MA.T.Ka helps you find the BEST Respected Moving Average Support & Resistance Lines.

Follow us on Twitter to be notified when we publish new posts.

Try us out with your stock symbol.

Thank you for reading!

Leave a Reply

Your email address will not be published. Required fields are marked *