The correction in the actions could end based on a key technical indicator and that could be good news for Bitcoin (BTC), which has also violated a similar resistance.
Before 1.7% on Monday to track the profits last week, the S&P 500 has moved above its 200 -day mobile average (200 DMA), after correcting up to 10% in recent months. This 200 DMA is calculated by taking the average closing prices in the last 200 days of negotiation is often used to evaluate broader market trends and possible inflection points.
The S&P 500 crossed that meter for the last time on March 10 and, although it decreased a little shortly after, it resumed an upward trend that has continued until today.
Bitcoin (BTC) has moved in step, now quoting above $ 88,000 after decisively breaking its own 200 DMA of $ 85,046 over the weekend. The next main resistance level is $ 93,245, which corresponds to the price made by the short term, that is, the average cost of acquisition in currency chain maintained outside the exchange reserves and moved in the last 155 days. These currencies are considered the most prone to spend on a given time.
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