Bitcoin’s ‘Guppy’ Indicator Flashes Green for Bulls

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The 200-day moving average defines the immediate resistance seen at $48,300. Early this week, the bulls failed to force a breakout above that widely tracked technical line. Since then, the price has pulled back to $45,000, perhaps tracking weakness in equity markets. The S&P 500, Wall Street’s benchmark index, fell 1.5% on Thursday.



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