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Bitcoin buyers are holding more control. What would change that technical view?

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... Read More
Posted: Jun 1 2023, 18:50
Author Name: forexlive
Views: 111490

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