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faisalspc
Back in 2015, $BTC saw a similar setup: a bullish break above the 21 week EMA, only to get rejected right at the 50 week MA. What followed wasn't pretty, the entire move was erased and BTC even dipped to a fresh low in the process.
History doesn't repeat itself perfectly, and it's worth remembering that Bitcoin back then was a much smaller, far less liquid market than it is today. So this comparison isn't a guarantee of what's coming.
Keep an eye on that line.
#BTC #Write2Earn
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