The 20-day moving average is shaping up to be a critical test point over the coming days. Ever since the correction kicked off on October 6th, Bitcoin, Ethereum, and the broader altcoin market have been trading below this key level. My expectation is that we'll see another touch of this MA in the week ahead, and this moment could prove pivotal for determining the next leg of the move. How the market reacts at this technical barrier will likely set the tone for what comes next.
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NFTArtisanHQ
· 9h ago
the 20-day MA touching feels like that benjamin's mechanical reproduction moment but for price discovery... what happens at resistance becomes the meta-narrative of whether we're witnessing genuine market sentiment or just algorithmic theater ngl
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gas_guzzler
· 9h ago
The 20-day moving average must be broken, otherwise it will really continue to dip.
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GateUser-a606bf0c
· 9h ago
The daily chart is coming again, and it feels like a real winner will be decided this time.
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MEV_Whisperer
· 9h ago
The key position of the 20-day moving average really needs to be monitored closely; there should be another round this week.
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bridgeOops
· 10h ago
Is the 20-day daily chart really that critical? I still feel the long positions are a bit apprehensive.
The 20-day moving average is shaping up to be a critical test point over the coming days. Ever since the correction kicked off on October 6th, Bitcoin, Ethereum, and the broader altcoin market have been trading below this key level. My expectation is that we'll see another touch of this MA in the week ahead, and this moment could prove pivotal for determining the next leg of the move. How the market reacts at this technical barrier will likely set the tone for what comes next.