Bitcoin begins the initial recovery phases after holding onto the 50-day SMA support.
BTC must break above the resistance at $32,000 and the ascending channel’s upper boundary to validate the upswing.
Bitcoin continued with the foreseen breakdown after losing support at $31,000. The bearish leg explored levels slightly under $30,000 but buyers were very keen on limiting the downward movements.
Meanwhile, the flagship cryptocurrency is trading…
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