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Weekly Technical Analysis of Bitcoin Price April 27

Bitcoin (BTC) is located close to the support level available on EMA 20 (pictured). If the price falls below this support, there will probably be a fall of $ 4.914. The $ 4,900 is a very powerful support.
Abstract

Bitcoin (BTC) is located close to the support level available on EMA 20 (pictured). If the price falls below this support, there will probably be a fall of $ 4.914. The $ 4,900 is a very powerful support.


Description

If Bitcoin is able to defend the $ 5,200 level, it will start rebounding. We still have a huge resistance at $ 5,600.

Traders can consider stop loss, or emergency sales, at $ 4,800.


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