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Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’

A widely tracked technical indicator has flipped bearish, denting hopes of an end-of-year rally.

Updated May 11, 2023, 4:38 p.m. Published Dec 7, 2021, 10:16 p.m.
Bitcoin's weekly and daily charts (Source: TradingView)
Bitcoin's weekly and daily charts (Source: TradingView)