Bitcoin - We've lost the 50MA on the 1Week
Quick heads up: BTC can only afford to go a little lower and it has to close this week above the 50MA (which is the yellow line.) If we do not close above the 50MA that move opens up the possibility of going to the $4800.00 area. BTC has the benefit of the doubt, it could still be in the middle of forming a bottom. What we have seen these last few days is typical of that. A true bottom is made when you hit the same trend or support line over and over.
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