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Bitcoin now staying above 50 EMA. A short analysis

Yagael

2022-03-19 (10:34:25)

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Bitcoin lost is recovery momentum due to the fluctuations in global risk levels.

Now, it is trying to stay above the 50-period exponential moving average indicating 40 000 USD.

Technically, if it succeeds in staying above the 50 EMA, it will target 41 500 and 42 500 resistance levels. On the other side, 39 250 support level will be on our radar.

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