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Is Bitcoin in ‘a Double Dip Bear Market?’

Is Bitcoin in ‘a Double Dip Bear Market?’ – BeInCrypto

In a sequence of two tweets, professional trader and financial consultant @captainscio used the long-term view of Bitcoin in order to allude that this downtrend could go on for an extended period of time. Captianscio correctly pointed out that Bitcoin is trading below the 200-day moving average (MA), which has been historically significant in identifying whether the price is in an uptrend or downtrend.








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