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Bitcoin: Continues to See Sideways Behavior
All things being equal, this is a market that I think will continue to see a lot of noise. I think it will see a couple of major levels that you need to pay close attention to. Uh, but with this, the 50 day EMA sits right around the $67,000 level. The $67,000 level of course has been important multiple times. So, it would be considered to be a value proposition if you will. On the other hand, if we do rally from here, the $73,000 level ends up being a resistance barrier and a potential target in the short term. If we break above the $73,000 level, then it becomes more or less a buy on the dip scenario. If we were to ... (full story)
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- Posted: Jun 11, 2024 6:56am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 296
