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Thursday

13 May 2021

TA: Bitcoin Extends Decline, Here’s Why BTC Remains At Risk Below $56K

TA: Bitcoin Extends Decline, Here’s Why BTC Remains At Risk Below $56K


smart summary beta

It is now trading well below the $56,000 level and the 100 hourly simple moving average.

The next key resistance is near the $56,000 level.

A close above the $56,000 level might increase the chances of a steady increase above the 100 hourly simple moving average.

The first key support is near the $53,400 level, below which the price might revisit the $52,943 low.

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