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Analyzing Bitcoin'sTrend: Corrections and Recovery Signals

Bitcoin (OANDA:BTCUSD)  
Stephen_Anders  
OANDA:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSDT sma resistence support buy SELL Forex
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trendanalysis chartpattern indicator btcusdt sma resistence support buy sell forex
Overall, Bitcoin (BTC) is still maintaining an upward trend. However, there are signs indicating that a correction is taking place. Looking at the chart, BTC is undergoing a correction process and showing signs of recovering from the downward phase. It is expected that the price may decline towards the vicinity of the 20-period Simple Moving Average (SMA), close to the 0.5-0.618 Fibonacci level.
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