GrizzlyBearBee

Bitcoin rejects the 200-day MA after trendline breakout

Short
GEMINI:BTCUSD   Bitcoin
After a rejection of the 0.382 Fibonacci retracement level, BTC is currently rejecting the 200day moving average. A confirmation will expose the 50 week moving average at $27.8k.
Ultimately, we shouldn't rule out the previous all time high at $19k which lines up perfectly with the -0.272 Fibonacci extension level.

An important level to monitor is the 50 week moving average

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