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BTC/USD: Struggling Around 200-Day EMA

From dailyforex.com

The Bitcoin market rallied initially on Monday, but then turned around to show signs of weakness. That being said, the market is still seeing a lot of back and forth, and it will be interesting to see how Bitcoin behaves over the next couple of weeks due to the fact that people will be paying close attention to the holidays more than trading anything. That being said, it is worth noting that 80% of Bitcoin has never been sold, meaning that most people who are in this market tend to hang on to the asset. It is because of this that I find it very difficult to short Bitcoin, but I do recognize that you could see a ... (full story)

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  • Category: Technical Analysis