Analysis: Bitcoin has returned above the 200-day moving average, and the market outlook is expected to be bullish

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According to analyst @ali_charts, BTC has returned above the 200-day moving average, which is a historically positive signal that usually indicates further price increases. Bitcoin formed a "death cross" on the daily chart on April 6th - a technical pattern where the 50-day moving average (MA) falls below the 200-day moving average.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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