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BTC Buyers Defend $79,000 as $84,000 Breakout Nears

From dailyforex.com

If the interest rates in America continue to drop, I think that will help the Bitcoin market to reach look toward march and look towards the 200-day EMA above near the $82,000 level. If we can break above there, then the market could go looking to the $84,000 level. Short-term pullbacks I think continue to be buying opportunities because quite frankly, during the war Bitcoin went sideways while everything else was essentially going down in flames. Because of this, the Bitcoin market has already proven itself to perhaps shaken out all of the weak hands. Remember it had sold off viciously at the beginning of the year ... (full story)

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  • Category: Technical Analysis