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Bitcoin (BTC) price is leaning to the south, with a price action characterized by lower highs. However, the big-picture outlook remains bullish. Tailwinds for BTC now sprout from US Election campaigns as well as reports that large holders continue to buy the dip. Daily digest market movers: Bitcoin bulls defends one of the most resilient macro uptrends ever ...
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Bitcoin has been pulling back this week following a test of the 50-Day MA on Monday with a high of 65,523. That advance broke out of a prior descending bullish wedge and expanded the top boundary line of the pattern. The pattern is deeper now showing less price compression than seen in the earlier version. Both the 50-Day and 20-Day MAs are above the ...