Bitcoin traded at $84,899 at 8:00 on Sept. 27, up 0.9% over the past 24 hours, according to an Odaily report citing Bitcoin.com News. The move brought BTC back near the $85,000 level after it had pulled back from $87,374.
Daily technical readings showed a broadly constructive setup. All 14 tracked moving averages flashed positive signals, while one reading was neutral and none were negative. Among oscillators, nine indicators were neutral and two pointed higher. The report also said Bitcoin was trading above all listed exponential moving averages and simple moving averages.
The chart referenced in the report marked $85,000, $85,945 and $87,374 as upside reference levels. On the downside, $84,000 and $83,300 were listed as key support references. It also noted that trading volume during the recent rebound remained below levels seen between Sept. 21 and Sept. 23.
Bitcoin traded at $84,899 at 8:00 on Sept. 27, up 0.9% over the past 24 hours, according to Odaily, which cited Bitcoin.com News. After pulling back from $87,374, BTC moved back toward the $85,000 mark.
Daily technical indicators showed 14 moving averages on positive signals, one neutral reading and no negative signals. In the oscillator group, nine indicators were neutral and two were positive. BTC was also trading above all listed exponential moving averages, or EMAs, and simple moving averages, or SMAs.
The technical chart listed $85,000, $85,945 and $87,374 as upside reference levels. On the downside, $84,000 and $83,300 were identified as key reference levels.
Bitcoin.com News also said trading volume during the recent rebound was lower than the levels recorded from Sept. 21 to Sept. 23.
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