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Analysis: Bitcoin Faces 200-Day Moving Average Technical Resistance
Material Indicators LLC, a fintech startup that provides algorithmic trading indicators and tools, said that Bitcoin is facing strong technical resistance at its 200-day moving average, and if the bulls can break through that resistance by Sunday's close, then that should drive some short-term momentum. If Bitcoin fails to do so, be prepared that the market will test support in the $50,000 to $53,000 range.
2024-07-07 22:01:13
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