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Crypto

BTC Price Eyes Lower Support Amid Death Cross Lock

Guavy AI Editorial Team
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BTC
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The BTC price is heading towards accumulated liquidity below its trendline after momentum shifted. This shift has already absorbed many stop losses, as liquidity acts as a magnet according to @CrypNuevo.

On the 4h chart, BTC currently trades at $63,471.95 inside a bearish structure. The EMA50 resistance sits at $64,631.12 and the EMA200 at $63,909.83. Meanwhile, the RSI is at 36.53, indicating a neutral stance while the MACD is at -301.06, which has locked in the death cross.

The price of BTC is currently inside the Bollinger bands and eyes a test of lower support at $63,202.41 before any potential reversal in this setup.

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