Bitcoin Gets Rejected at $38,000 As Bears Show Control Again

Here’s a quick recap of Bitcoin price movement,

Elon Musk’s Bio sends BTC price 18% in an hour to $38000
BTC price Drops 15% to find support on 200 MA
BTC price broke and retested a falling wedge pattern

Bitcoin briefly dropped below its key support level of $30000 this week as many alt coins continued to surge. The price bounced off a bottom trend line and quickly rose $9000 as the bulls showed their strength still stands. A falling wedge…

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