Bitcoin: It's all about that 200 days moving average

Hello traders,

Looking at the daily chart, Bitcoin is hovering around psychological $10,000 range which coincide with 100 day moving average.

However, I still don't see significant bounce back from $10,000 and most likely Bitcoin will test $9000 (200 days moving average) in coming days, which overlaps with 38.2% fib level.

Happy Trading,
BTCUSDTTrend Analysis

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