The 200 Day Moving Average is a significant level for all assets and certainly for Bitcoin.
The main event for Bitcoin currently is a test of the 200 Day Moving Average resistance which it is currently under.
However on the CME Futures chart BTC is already above its 200 Day MA.
We can see from these charts that this Moving Average bears significance on the Coinbase chart, however it also has signficance on the CME Futures chart where it cuts a very different path.
There have been seven significant touch points in the last three months on the CME chart (shown here by the yellow arrows). Not only has BTC passed the 200 Day MA on the CME chart already, it also retested it yesterday.
In summary, getting over the 200 Day Moving Average is a significant moment for any asset. The fact it's already happened on the CME suggests BTC could be even more bullish.
The main event for Bitcoin currently is a test of the 200 Day Moving Average resistance which it is currently under.
However on the CME Futures chart BTC is already above its 200 Day MA.
We can see from these charts that this Moving Average bears significance on the Coinbase chart, however it also has signficance on the CME Futures chart where it cuts a very different path.
There have been seven significant touch points in the last three months on the CME chart (shown here by the yellow arrows). Not only has BTC passed the 200 Day MA on the CME chart already, it also retested it yesterday.
In summary, getting over the 200 Day Moving Average is a significant moment for any asset. The fact it's already happened on the CME suggests BTC could be even more bullish.
