Testing the 25-day EMA

Bitcoin is presently testing its 25-day Exponential Moving Average (EMA), indicated in green on the daily chart. It continues to trade below the 0 Fibonacci level, as seen in recent days. Generally, an EMA test signals potential price growth due to its role as a robust support indicator.

This analysis is for informational purposes only and should not be considered as financial advice.
Bitcoin (Cryptocurrency)BTCFundamental AnalysisTechnical IndicatorsTrend Analysis

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