The Bitcoin Bulls Fight a Battle of $30,000 the Crucial Support Level
The bulls of Bitcoin seem struggling to maintain Bitcoin’s price above $30,000 the important psychological level lately as the resistance level of $32,000 remains strong. Furthermore, the price of Bitcoin is moving below the 240 moving average as can be seen in the 4H chart. The price movement looks favoring the bear and likely to move further down to test $30,000 the support level again. Therefore, we expected to go short when Bitcoin’s price moves below $32,000 in the short term, and vice versa.
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