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Bitcoin (BTC) battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted.
Key points:
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Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels.
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History offers lessons for what happens when price rejects the key 200-week trend line.
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Mayer Multiple values continue to show BTC in deep “oversold” territory.
Bitcoin’s fate hangs on $68,300 reclaim
Data from TradingView showed BTC price action focusing on…
