$BTC This is exactly the compression I was talking about yesterday. After I posted that yesterday, price yet again pushed straight into the 50-week SMA and got rejected. Now we're back near the 50-week and 100-week EMAs, with the gap between these major moving averages getting tighter and tighter. With the CLARITY Act potentially acting as a catalyst today, I wouldn't be surprised to finally see some movement out of this area in either direction.
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