BItcoin Has Lost All Moving Averages
Bitcoin has failed to find support at any moving average and cant even break above the 9 day MA. This is a troubling sign. I feel pretty confident that we will be testing support between 39.5-40.5k. If it fails to hold up then things could get ugly quick. If thats the case then we could easily see a heavy plunge down to 28.29.5k.
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