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Technical Indicator Points to Bitcoin Price Bounce

The impending bearish moving-average crossover on the weekly chart has proven to be a contrary indicator in the past.

Updated May 11, 2023, 6:40 p.m. Published Jan 17, 2022, 12:51 p.m.
Bitcoin's price chart showing an impending bear cross between the 10- and 50-week moving averages. (TradingView)
Bitcoin's price chart showing an impending bear cross between the 10- and 50-week moving averages. (TradingView)