Bitcoin technicals
Bitcoin yesterday, and again today, has movedbelow the 200-day moving average (MA) at $83,370, signaling increased bearish momentum if the price remains under this key level. Staying below the 200-day MA keeps the sellers in control.
The price today is also testing the 50% retracement level of the rally from the August 2024 low, a crucial support zone. On February 28, BTC reached a low of $78,187 – below that…
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