Bitcoin Recovers From 2.5-Week Lows But Price Outlook Remains Bearish
Bitcoin Recovers From 2.5-Week Lows But Price Outlook Remains Bearish
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Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows.
Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000 over the next few days.
The hourly chart indicates the…
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