Bitcoin is sporting a bearish candle on the weekly timeframe since late September, though there's a bright spot—price managed to find support at the 50-week moving average. This bounce-back from that key level could be worth monitoring. Whether it holds and reverses the momentum depends on what happens next. Traders keeping an eye on this technical setup.
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TxFailed
· 4h ago
ngl, the 50-week bounce is giving false hope vibes... seen this movie before, didn't end well
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tokenomics_truther
· 4h ago
The 50-week moving average has held. Whether this wave can rebound depends on how things develop next.
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ForkLibertarian
· 4h ago
Can the 50-week moving average support hold? It feels like just a one-in-a-million difference.
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ColdWalletGuardian
· 4h ago
The 50-week moving average at this critical level is indeed quite strong. Once it rebounds, it will depend on whether it can hold its ground.
Bitcoin is sporting a bearish candle on the weekly timeframe since late September, though there's a bright spot—price managed to find support at the 50-week moving average. This bounce-back from that key level could be worth monitoring. Whether it holds and reverses the momentum depends on what happens next. Traders keeping an eye on this technical setup.