cryptoonchain

BTC respected to MA 50 (weekly time frame)

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BINANCE:BTCUSDT   Bitcoin / TetherUS
After the breakdown of the 50-week moving average, bitcoin has respected it and is squeezing below it and above the trend line. Given its historical background, Bitcoin does not appear to break up the 50-week moving average before entering the RSI oversold zone. There is a possibility of a breakdown of the support line.

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