Bitcoin saw a small decrease due to a recent market correction. Due to the pandemic risk, many Chinese factories have been forced to shut down. Many analysts say that this has had some effect on the recent increase of Bitcoin and Gold.
Current support / resistance: $9'000 / $10'000
The MACD is slowly increasing in the red. The price is slowly getting to the $9'000 support. The gap between the EWMA(12) and EWMA(26) is still increasing along with the current gap between SMA(20) and SMA(200) which together give the suspicion of a potential comeback.
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