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Bitcoin Technical Analysis and Price Forecast
$BTC is making a pullback from they key psychological support price level of $73,800. At the time of writing this on Monday Bitcoin is trading near $75,500. Bitcoin surge strong when Michael Saylor firm purchase of 34,164 BTC. To Keep the Bullish momentum continue Bitcoin has to make a day close above $75,880.
However a rejection from this price zone may result in the fall of price towards $72,000.
The Relative Strength Index is at 59 higher than the level of neutral aiming upward indicating that the more bullish momentum ahead. The Moving Average Convergence Divergence MACD is aiming slightly upward indicating price can go up and also form sideways trend.
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