๐ Market Update: Bitcoin bounces from its key long-term support โ the 200-week moving average!
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๐ข What's new?
โ Bitcoin has bounced from the 200-week moving average level, which has marked the end and beginning of complete market cycles in the past
โ This support was crucial in the 2018 and 2022 cycles, often representing the "red line" that bulls refuse to lose
โ The next move is more important than the previous one: either a confirmation of the bounce or a break that opens the door to a deeper correction
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โDo you think this support will maintain the upward trend, or will we see a break that changes the course?
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