$BTC - 200W MA & EMA Bitcoin is currently trading between two important weekly moving averages. We saw buyers step in at the 200W MA (green circle), followed by a rally into the 200W EMA, where sellers pushed price back down (red circle). So far, the 200W MA has acted as support, while the 200W EMA has acted as resistance. The question now is whether buyers can reclaim the 200W EMA or if sellers push price back down for another test of the 200W MA.
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