1. cryptocurrency

How the 200 Daily MA Could Provide Crucial Support for Tezos (XTZ)

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Quick take:The correlation between Tezos (XTZ) and Bitcoin (BTC) is high in the crypto markets.
As Bitcoin looks set to revisit previous support zones below $6,900, XTZ has the 200 Daily MA acting as much needed support.
On this Good Friday, Bitcoin (BTC) has in the last few hours lost the support zones of $7,200 and $6,900.
It is with the current bearish market environment, that Tezos (XTZ) is also in the red.
ConclusionWith the correlation of Tezos and Bitcoin (BTC) set at 0.84, the 200 daily moving average acts as crucial support for XTZ.

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