Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on May 23, 2023, 02:52:01 PM
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The Bitcoin price has been bullish since the early trading hours, as the prices have risen up from the previous day’s lows at around $26,500. The price is currently trading above $27,200 but requires a minor boost to break above the crucial resistance at $27,500. Although, the token displayed a bewildered price movement, the possibility of a bullish breakout appears to be pretty high after the recent upswing.
The moving average, or MA, levels are considered one of the important resistance or support levels. The hourly or daily MA levels offer the base in case of an extended bearish trend, and hence rising above these levels, flashes bullish signals for the crypto in the short term. However, if the price surges above the weekly MA, then it can be considered bullish in the long term, regardless of whether the rally is trading under the bearish influence in the short term.
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In your dreams,
US banks collapse will take cryptos down with it
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Bitcoin is showing strong technical bullish signals.
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short term trends