Bitcoin Near Moving Averages as Short-Term Momentum Cools
BTC/USD trades at $77,479.13 at 02:17 UTC, down over the past hour but still posting gains across longer time frames.
02 Nov, 03:25 · BTCUSD
Redatto da Lorenzo Carlo Junior Marconi
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Bitcoin remains marginally below its 20- and 50-period five-minute moving averages. Data from the past 48 hours show a positive trend, while the very short term points to a pause.
Price Below Both Key Moving Averages
BTC/USD trades at $77,479.13 at 02:17 UTC. The price is below the 20-period five-minute moving average of $77,559.73 and slightly below the 50-period average at $77,486.08. The gap to the longer moving average is therefore very narrow.
Gains Remain Positive From Four to 48 Hours
Over the past hour, the price has changed by -0.17%. Comparisons over longer time frames remain positive: +0.21% over four hours, +0.33% over 12 hours, +0.27% over 24 hours and +0.27% over 48 hours. The picture shows a recovery still visible over two days, but with a pullback in the very short term.
Technical Indicators Should Be Read With Caution
Trading just below both moving averages suggests that immediate momentum is less supported than in previous hours, without erasing the gains recorded across the other time frames. Moving averages and percentage changes are price-based statistics and do not constitute certain forecasts of future performance.
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