Bitcoin has lost its 50-week moving average on the weekly close for the first time in two months. Now I’m watching two things: If $BTC reclaims the 50-week MA this week, it could turn out to be a fakeout. But another weekly close below it would raise the risk of a deeper correction toward the low $60Ks. The next weekly close could be very important. I’m not rushing to pick a direction yet.
KamilShare
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