Bitcoin is Back at the 200-Week Moving Average After Nearly Three Years
Bitcoin (BTC) has tagged a key bear-market trend line with its drop to four-month lows, with a “decent chance” of a rebound next. Key points: Bitcoin revisits its 200-week simple moving average after trading above it since October 2023. The trend line functioned as resistance throughout the 2022 bear-market bottom and rebound. Bitcoin’s daily RSI...
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