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Bitcoin Price Can not Break up 25-Month Moving Average

Bitcoin Price Can not Break up 25-Month Moving Average

Bitcoin price went up fast from 60K to 86K. It reversed down from 86K USD level. Because there is great long term signal. 25-month moving average is at this level and Bitcoin price coul not break up this great average.

Here you can see monthly chart of Bitcoin price. You can see what happened after breaking up this average. Bitcoin price entered bullish trend for long term after breaking up this average. Bitcoin price entered bearish trend after breaking down this average. Bitcoin price is still below this average and Bitcoin price can not enter bullish trend for long term.

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Here you can see the indicators on monthly chart of Bitcoin price. There is great downtrend line on RSI Indicator. We should see breaking up this downtrend line. If we see monthly green candle, it will be broken up. MACD Indicator is trying to reverse up. If we see monhly green candle, MACD Indicator will reverse up.
Fisher Indcicator is going up. If we see more monhly green candles, It will continue to go up..

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Bitcoin price is second successive monhty red candle. We may see green monthly candle in next months. When we see, these major indicator may reverse up.

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