Good evening, dear friends, readers, followers and crypto traders! 🌟 How are you all feeling on this wonderful day? Let's dive into a classic story that every trader knows - the MA200!
📉 MA200: Leading Indicator
When Bitcoin (or any cryptocurrency) is trading below the MA200 on the daily chart, it signals a long-term bearish outlook. But when it is above that, we are in a bullish zone! 🚀
⚠️ Current status
Currently, Bitcoin is trading below the MA200 on the daily timeframe. 📉 The MA200 level is located at $64,000.
• Any trading below this means there is a bearish bias in the long term.
🚨 What does this mean for traders?
Be careful and watch this level closely! We may be under further downward pressure.
Thanks for reading! 📊 Keep these charts ready! 🎯
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