Bitcoin has repeatedly respected the 200-week moving average support in previous cycles. Bitcoin lost the support of the 200-week moving average for the first time in this cycle. Bitcoin is now below the 200-week moving average resistance and the 50-week EMA resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.