Bitcoin is now at the daily 200 MA support. This is the last support to defend for bulls. If BTC close below the 200 MA then bears will take control and we see more downward movement. Also we see golden cross in next week(When the daily 50 MA yellow line crosses the daily 200 MA blue line in upward direction). Golden cross is bullish event and we may see some strength in the market. The next 2 days are very crucial and BTC need to hold above the support. The next resistance is $48,000 area.
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