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    QONEQT in Bitcoin

    11-Oct-2022 11:32 AM


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    Price analysis 10/10: BTC

    Bitcoin broke below the 20-day exponential moving average (EMA) ($19,584) on Oct. 7 and then successfully defended the level between Oct. 8 to 10.
    The sellers are trying to strengthen their position further by pulling the price below the uptrend line.
    Contrarily, if the price rebounds off the uptrend line, the bulls will try to push the pair above the moving averages and challenge the downtrend line.
    A break and close above this level will be the first indication that the bears may be losing their grip.
    The pair could then attempt a rally to $22,800.

    Source - Coin Telgraph
    #Bitcoin