Post
Hassan Imtiaz
Bitcoin is set to close below its 50 day moving average for the first time since mid-August.
Of the 4 other times $BTC fell below its 50D MA this year, 3 were followed by a small bounce and then a large drop of of -10% to -35%.
However, the most recent time BTC lost the 50D MA, it was able to quickly reclaim it and then saw a major new uptrend form.
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