BTC respected to MA 50 (weekly time frame)

Bitcoin / TetherUS BINANCE:BTCUSDT

MJShahsavar

After the breakdown of the 50-week moving average, Bitcoin has respected it and is squeezing below it and above the trend line . Given its historical background, Bitcoin does not appear to break up the 50-week moving average before entering the RSI oversold zone. There is a possibility of a breakdown of the support line.

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