Bitcoin Bulls Defend Against a Drop Below 200-Day EMA; What Comes Next?

It has been a rough day for the benchmark cryptocurrency. After flashing some signs of weakness, Bitcoin briefly dipped below $9,000 earlier today before incurring enough buying pressure to propel it back above this level. This decline led BTC down towards its 200-day moving average, which has so far been defended by bulls. The 200-day…
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Author: toutiao