What’s Next For Bitcoin After the 200MA Rejection?

Despite being up about 5% on the day, BTC’s price took a beating in the past couple of days. It appears that the bulls are attempting to retake control, although the shot at $47K from earlier today has so far been unsuccessful.

Technical Analysis

By: Edris

Daily timeframe:

BTCUSDT Daily - Apr 2 2022
Chart by TradingView

Bitcoin’s price is struggling to recover, and it is still trading below the 200-day moving average. This level is one of the most common indicators to determine whether an asset is…


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