Bitcoin Holds Steady at 200-Day EMA Amid Bullish Defense

2025-10-17 17:16

Bitcoin is currently trading near its 200-day Exponential Moving Average (EMA), a crucial technical indicator that often separates bullish from bearish market trends. Traders are watching closely to see if bulls can maintain this support level to avert a potential downturn. A breach of this level could lead to increased bearish sentiment, with some analysts speculating that $100,000 might emerge as a new support level in the event of a significant sell-off.

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