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Mon, May 18
Analysis · Technical · 1 min

BTC technical: 200-day reclaim sets up a test of the prior swing high

Two consecutive daily closes above the 200-day MA shift the relevant resistance one structural level higher.

Maya Lin
Markets Reporter
BTC technical: 200-day reclaim sets up a test of the prior swing high
Key Levels — Trader Box
  • Support: 50-day MA, round number
  • Resistance: prior swing high, 100-day MA
  • Trend: re-established uptrend if the next pullback holds the 50-day
  • Invalidation: weekly close below 200-day MA

The reclaim of the 200-day moving average on consecutive daily closes shifts the BTC structure from rangebound to in-uptrend. The next structural test is the prior swing high; the level the desk is watching for invalidation is a weekly close back below the 200-day.

Bottom line

The chart shifted from 'rangebound' to 'in uptrend' once we got two consecutive daily closes above the 200-day. Trade the trend, fade the noise, but respect the invalidation.

Disclosure · Analysis presents the author's reading of market data and on-chain signals, not investment recommendations. Not financial advice. Past performance is not indicative of future results.

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