Analysis: Bitcoin is Once Again Above the 200-Day Moving Average, Bullish Outlook Expected
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According to analyst @ali_charts, BTC has once again surpassed the 200-day moving average, which is a historically positive signal that often indicates further price increases. Bitcoin formed a "death cross" on the daily chart on April 6—a technical formation where the 50-day moving average (MA) falls below the 200-day moving average.
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