A Historically Accurate WMA Indicator Suggests Bitcoin is at Risk of a 50% Pullback

Bitcoin’s latest bearish correction is threatening to break below a crucial support level known as the 50-weekly moving average. The cryptocurrency’s two out of three breaks below the said technical floor resulted in more than 50 percent price crash. That puts bitcoin under the risks of falling towards $6,000 in the medium-term. A historically accurate…

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Author: toutiao