Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?

Bitcoin Trending Below Crucial Support: Do BTC Bulls Have What It Takes?


Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability.

BTC Prices At A Crucial Price Level: Will Bulls Take Over?

As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now will be consequential in the coming days.

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In a post on X, the analyst noted that the coin dipped and closed below the 200-day moving average following last week’s losses. This formation was crucial.

Over the months, this dynamic line had acted

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