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🧠BITCOIN SIGNALS IMMINENT BULLISH PHASE

🧠BITCOIN SIGNALS IMMINENT BULLISH PHASE

Day: 09 | Time: 17:25:04 The price of Bitcoin, after dropping below the 200-day simple moving average (SMA), could signal an imminent bullish phase. Historically, Bitcoin has dropped below this threshold during bullish markets only to rebound and continue its upward trajectory. If Bitcoin manages to climb back above the 200-day SMA, it could potentially start a new bullish phase.

Bitcoin: 200DMA: (Source: Glassnode)