Bitcoin Holds ₱4,749,639 ($77,000) as Dogecoin Breaks Above $0.10
Bitcoin stabilized near ₱4,749,639 ($77,000) after avoiding a potential breakdown to the mid-₱3,701,017 ($60,000) range. The 200-day moving average remains a key resistance level overhead, while short-term moving averages have started to slope upward.
Key Takeaway
Bitcoin's higher lows near $77,000 signal bears are losing momentum — next test is the 200-day average.
Bitcoin steadied near $77,000 after dodging what could have been a sharper correction into the mid-$60,000 range. The stabilization follows months of persistent downward pressure that finally eased in recent weeks.
Short-term moving averages have started to slope upward, and Bitcoin is printing higher lows — classic signals of a potential downtrend reversal. The price action suggests traders are backing away from aggressive selling.
Dogecoin broke above the $0.10 area after weeks of compression. The breakout is technically legitimate, according to market observers, though the current rally is still countertrending on the larger timeframe. The RSI has pushed into higher territory, but the 200-day moving average sits overhead as a barrier. Dogecoin's base formation showed a rising support line before the breakout triggered.
Zcash is trading toward the $330 range after printing a golden cross — a short-term moving average crossing above a long-term moving average. The token is moving within an ascending channel, and mid-term moving averages are providing support. The setup favors continuation if Zcash breaks through $330.
This article was written based on reporting from U.Today.
