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Bitcoin surges to the upside. What are the technicals telling us now?
The price of bitcoin surged higher on positive results from a lawsuit between Grayscale and the SEC. The ruling may open the door for ETF's on bitcoin. We will see.The run to the upside to the price above its 200-day moving average at $27,472, but short of its 38.2% retracement of the move down from the 2023 high at $27,821. The price run higher has stalled.What next?There is support near the $27,000 level. That level represents the 38.2% retracement of the spike higher. Correct to that level,...
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Posted: Aug 29 2023, 15:31
Author Name: forexlive
Views: 112592