ZB Market Research Report: Bitcoin Bulls Expected To Break Current Lows

03月
05
2021-3-5 14:51
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The bulls are currently hovering around the horizontal support level of $ 47,404, but the 9-day moving average is working as a low level, according to the Chinese Currency (ZB) Market Research Report. When the bulls broke the 9-day moving average and defensive low of $ 49,705, the price of Bitcoin retraced yesterday's high of $ 51,693. However, the RSI index fell to a 50-day moving average, indicating a decline. If the stock market continues to decline in the future and the value of Bitcoin falls below its current key support level, it could drop to $ 43,247. In addition, an evaluation of LINK and TRX was also conducted, please refer to ZB research data for more details.

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