Bitcoin Bulls Should Watch This Crucial Level: 10x Research
Portfolio Pulse from Murtuza Merchant
10x Research advises Bitcoin traders to monitor the 21-week moving average at $60,918, a critical support level. If Bitcoin falls below this, traders should consider reducing long positions due to conflicting economic signals and the ISM Manufacturing Index's impact on Bitcoin cycles.
October 02, 2024 | 4:00 pm
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10x Research highlights the importance of the 21-week moving average at $60,918 for Bitcoin. Falling below this level could prompt traders to reduce long positions due to conflicting economic signals and the ISM Manufacturing Index's impact on Bitcoin cycles.
The article emphasizes the significance of the 21-week moving average at $60,918 for Bitcoin. If Bitcoin falls below this level, it could indicate downside risk due to conflicting economic signals and the ISM Manufacturing Index's impact. This suggests a potential short-term negative impact on Bitcoin's price.
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