Bearish
Bitcoin (BTC) Rejection at 200-Day Moving Average: Key Reasons for the Pullback
21.05.2026 08:18
Bitcoin (BTC) faced a notable rejection at the crucial 200-day moving average (200-DMA), a key technical resistance level. The price turned lower from this average, indicating strong selling pressure. Analysts point to a combination of factors, including profit-taking after a recent rally, a strengthening US dollar, and broader macroeconomic uncertainty. The failure to break above the 200-DMA suggests that the short-term bullish momentum may be fading, and BTC could test lower support levels in the coming sessions. Traders are now watching for a potential retest of the $25,000 zone.
🎉 Be the first to comment!
Share your opinion, ask a question or just say hello!