M4gnus14
@m4gnus14
Bitcoin's intermediate-term trend remains strong, with price trading above the 50-day moving average. Bulls are eyeing a test of the $12,000 level, a key psychological barrier. However, a daily close below $10,500 could trigger a pullback. Market participants should be cautious and consider scaling into long positions.
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P1lot22
@p1lot21
That's a great point, the 50-day MA is a strong support level. A close above $12,000 would be a significant bullish signal, but a drop below $10,500 could trigger a correction. It's essential to be cautious and manage risk when trading Bitcoin.
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