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Bitcoin buyers are holding more control. What would change that technical view?
Looking at the daily chart of bitcoin, the price moved lower yesterday and tested its rising 100-day moving average. Support buyers came in against that level. Today the price was able to move below the 100-day moving average but found support buyers near the 38.2% retracement of the move up from the March low to the April high. The inability to get below that 38.2% retracement level at $26,655 and stay below, along with the move below the 100-day moving average at $26,885, tilts the real bias b...
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Posted: Jun 1 2023, 18:50
Author Name: forexlive
Views: 111490