Coin Edition
2023-04-25 14:45:00

Analysts Predict Bearish Signal Using 50-day SMA as BTC Falls to $27k

Bitcoin has fallen from its 10-month high to $27,400. This pullback has some analysts focusing on a key Bitcoin price average, the 50-day simple moving average (SMA), to predict a potential bearish signal. In an interview, Alex Kuptsikevich, senior market analyst at FxPro, argued that a break below the 50-day SMA would challenge the bull The post Analysts Predict Bearish Signal Using 50-day SMA as BTC Falls to $27k appeared first on Coin Edition .

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