Today we had a small recovery in the price of Bitcoin, its value increased by around 3%. We are not even close to observing a reversal of the downtrend, on the contrary, the price presents a strong resistance to the 200-period moving average and also the price is oscillating the control point of the volume profile.
It is quite likely that we will spend one more time in this price range, with the 200-period moving average being the strongest resistance to break.
A little respite from the market, let's see how much oxygen you have left.
Posted Using LeoFinance Beta
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