Bitcoin still in bear phase
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BTC finding support at 0.5 retracement of previous bounce. A close and brake of 100 EMA, 200 EMA and upper parallel at (1) would change the path to bullish. For now price is still confined within a descending channel formation with support at lower parallel (2).
BTC finding support at 0.5 retracement of previous bounce. A close and brake of 100 EMA, 200 EMA and upper parallel at (1) would change the path to bullish. For now price is still confined within a descending channel formation with support at lower parallel (2).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.