Testing the 25-day EMA
Bitcoin is presently testing its 25-day Exponential Moving Average (EMA), indicated in green on the daily chart. It continues to trade below the 0 Fibonacci level, as seen in recent days. Generally, an EMA test signals potential price growth due to its role as a robust support indicator.
This analysis is for informational purposes only and should not be considered as financial advice.
This analysis is for informational purposes only and should not be considered as financial advice.
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