Bitcoin, Ethereum Technical Analysis: BTC Edges Lower, as US Manufacturing Sector Contracts – Market Updates Bitcoin News

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BTC falls below key resistance level, following weak U.S. economic data.

) also erased Wednesday’s gains, with the world’s second largest cryptocurrency failing to break a ceiling of its own./USD dropped to a bottom of $1,635.85 earlier in Thursday’s session.

The move occurred as ethereum buyers were not able to push price above resistance at $1,675 during yesterday’s rally.As a result, bears reentered the market, further intensifying the downward momentum of the 10-day moving average. Currently, the trend line is fast approaching its 25-day counterpart, with a downward cross inevitable.

In addition to this, the RSI, which is tracking at 51.82, appears to be en route to a floor at 49.00, which could push

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 /  🏆 531. in FR
 

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Something tells that btc will be stuck between $20k to $25k for the entire year.

You can see this break 25k finally and goes to very clz 30k btc.........

Totally agree, but I only use ChiefraFba for signals and analysis

$20K coming soon...

Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals!

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