BTC is fighting a technical battle as it trades just below two closely watched long-term trend indicators: the 200-day Simple Moving Average and the 200-day Exponential Moving Average. Bitcoin is trading just below the 200-day SMA of $82,455 and the 200-day EMA at $82,027, forming a major resistance zone that could determine whether the long-term uptrend resumes. The 200 SMA and 200EMA form a confluence resistance zone around $82,000–$82,500 that bitcoin must convincingly reclaim to signal a re…
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