Technical CRYPTO Analyst
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We provide only technical based charts here for alts coins as well as btc

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TA: Bitcoin Tops Near $47K, Why The Bulls Must Defend $45K

Bitcoin struggled to gain momentum above $47,000 against the US Dollar. BTC started a fresh decline and dived to the $45,000 support zone.

Bitcoin reacted to the downside after it formed a short-term top near $47,000.
The price is trading below $46,000 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $46,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must stay above the $45,000 support to avoid more downsides in the near term.



Link - https://www.newsbtc.com/analysis/btc/bitcoin-tops-near-47k/
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