CryptoQuant Research Head: Bitcoin Faces ‘Final Boss’ Resistance at $83K

BitcoinWorld CryptoQuant Research Head: Bitcoin Faces ‘Final Boss’ Resistance at $83K CryptoQuant’s Head of Research, Julio Moreno, has identified what he calls Bitcoin’s ‘final resistance’ or ‘final boss’ on the daily chart: the 365-day moving average, currently sitting at $83,000.

At the time of writing, Bitcoin was trading at $80,868, up 2.38% from the previous day. Understanding the 365-Day Moving Average The 365-day moving average is a long-term trend indicator that smooths out price fluctuations over the past year.

When Bitcoin’s price approaches this level, it often encounters significant selling pressure, as traders who bought at lower prices may take profits.

Moreno’s reference to a ‘final boss’ suggests that breaking above this level could signal a stronger bullish phase, while rejection could lead to further consolidation.