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Bitcoin below 200 week and 50 month EMAs!

Short
BNC:BLX   Bitcoin Liquid Index
Bitcoin is below the 200-week and 50-month exponential moving averages. These acted as support in the last bear market and Bitcoin has not treated them as resistance until now. Another sell-off is likely unless Bitcoin can get back above these levels. The 100-Month EMA is the next major MA support.
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