Bitcoin Analysis
Yesterday Bitcoin established support from the 1D 200EMA at 42.2K, it formed a double bottom at the hourly chart. This could indicate the bottom or a reversal. However today, the reversal is challenged by the resistance from 3D 50EMA at 45.8K, it just formed a double top. It seems that the area between 42.2K and 45.8K will be range where bulls and bears will fight today.
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