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Currently hovering around $26,283, the 200-week moving average will act as a crucial support level. says the Bitcoin NFT ecosystem could be worth 4.5 billion by 2025, while about 25,000 memecoins have been tallied on the blockchain since they first emerged in March. House Call ‘Fatal Attraction’ Star Amanda Peet Struggled in London.
A fast breakout to the upside would signal the end of the correction phase. The upcoming week holds a make-or-break moment for Bitcoin, as the analyst points out. The outcome of this retest is likely to have a profound impact on the market sentiment.Īlso Read: Anthony Scaramucci: Bitcoin 50% Undervalued, ‘Explosive Returns’ Await with Key Catalyst – Coinpedia Fintech News Consolidation Phase After spending an extended period below the moving average, Bitcoin is currently deemed undervalued, making this retest even more significant. Historical data supports the notion that this phrase often presents an excellent opportunity for accumulation. This can be done cheaper, faster and easier to use. You can transfer bitcoin and other crypto coins to anywhere in the world and shop online made easy.
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Van de Poppe suggests that a successful retest of the 200-week MA could indicate the conclusion of the Bitcoin correction. View a list of Live Coin Watch integrations currently available and learn what software integrates with Live Coin Watch in 2023. As the market eagerly watches, Michaël van de Poppe predicts that the next few days will be pivotal for Bitcoin’s prospects, with a particular focus on the retest of the 200-week moving average (MA) as a key technical indicator.
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