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Bitcoin support at 50, 100, 200 Day Moving Averages(DMA) in 2017

Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) DMA 100sma 50sma 200sma BTC Cryptocurrency BTCUSD
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trendanalysis chartpattern indicator bitcoin dma 100sma 50sma 200sma btc cryptocurrency btcusd
As we can see, the 50, 100, and 200 day moving averages were solid support points throughout 2017. Once Bitcoin touches the 200 day moving average (at a rate of less than once per year) historically it rebounds very, very strongly.

Edit: Made a typo. The orange text description should say "50 day moving average". Sorry!

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