Bitcoin Struggles to Maintain Key Moving Average, Signaling Market Correction
Matrixport's recent analysis highlights Bitcoin's inability to maintain levels above the crucial 21-week moving average, indicating the market is still in a correction phase. According to NS3.AI, despite a tactical rebound towards the end of December, Bitcoin has not succeeded in reclaiming and holding prices above this moving average. The firm observes that there are currently no definitive indicators suggesting a sustained new uptrend in the near future.
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