Bitcoin – December 10, 2021 – BTC

Bitcoin Uptrend Intact – Testing Key Averages

Bitcoin - 12-10-2021

  1. Bitcoin hasn’t made a weekly close below the 52 week moving average, excluding the covid liquidity crunch, since April 2019. That puts a technical stop out area, a weekly close below $46,075
  2. Using the bottom wicks of the weekly candlesticks, BTC hasn’t dipped intra-day below the 58 week moving average since February 2020 at $43,575
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