Saturday, November 23, 2024
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Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross

Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who sees it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover.The bitcoin-to-dollar exchange rate slipped below both the 50-

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