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tonygun72
Mar 24, 2022 6:56 AM

Bitcoin Weekly Moving Averages Bull Trap 

Bitcoin FuturesCME GLOBEX

Description

As Bitcoin heads toward the 20 week moving average just above $45,000 we may see a possible rejection at that level. This type of move has historically led to a breakdown and possible capitulation to lower weekly MA's. Captulation could lead toward $20,000 area before next major rally above 100k.
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