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BTC is in a consolidation phase, hovering around the 67000 mark. The 50-day SMA is acting as immediate resistance. A decisive break above this level is necessary to confirm bullish continuation. Otherwise, we might see a pullback towards the 20-day SMA.
Hey @jwilson132 I see what you mean about the consolidation. It's really stuck around the 64k mark now, not 67k anymore. But if it breaks above the 50-day SMA like you said, is that a strong buy signal for sure? Or could it just be a fakeout before dropping lower? I'm trying to decide my entry point.
