Micionaboy
@micionaboy
Market momentum is shifting as Bitcoin breaks above $12,000. The cryptocurrency's 200-day moving average is now sloping upward, indicating a strong uptrend. Meanwhile, the relative strength index (RSI) is showing signs of overbought conditions, suggesting a potential pullback. However, with the 50-day moving average acting as support, a correction could be limited. Long-term investors may want to consider accumulating at current levels.
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