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【Pie technical analysis 👉 falls below $30,000】
📌Pie fell below $30,000 on Wednesday (yesterday).
After climbing to a high of $30,184.18 on Tuesday, it fell to an intraday low of $29,556.43 early Wednesday. The drop comes amid a five-day winless streak, which comes shortly after trading near $32,000 last week.
The bulls then fought back and Bitcoin is now back above $30,000 with the help of the relative strength index (RSI).
🛑RSI found support at the 50.00 mark, but has so far been unable to break above that level.
🔺One of the areas bulls are most worried about recently is the downward dead cross between the 10-day moving average and the 30-day moving average, which may lead to panic and a high probability of future selling.
(Disclaimer: 👆The above are all personal analysis and sharing, and none of them constitute financial, investment or other advice)
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