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Bitcoin Price Bounce Stalled at 50-Day Trend Line Before FOMC Meeting
(2 hours ago) · 2 sources · Summarized by CryptoBipto
Bitcoin's recent price recovery was rejected at the 50-day moving average trend line. The price movement occurred ahead of an upcoming Federal Open Market Committee (FOMC) meeting and corporate earnings reports.
WHY IT MATTERS
A moving average is a line on a price chart that smooths out price data over a set number of days — in this case, 50 days.
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SOURCES
- cointelegraph.com
- cointelegraph.com
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