Bitcoin: Between a Rock and a Hard Place

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Recently, the price of Bitcoin closed above the 21D EMA, but still shy of the 20D SMA. With the price of Bitcoin ranging between the 20 day SMA and the 21 day EMA yet again, it certainly makes us wonder what happen next. The next week should help provide a lot more insight into the current trend. If we get rejected back down well below the 20 day SMA, then the bears are still in control in the short-term. Where do you think the price of Bitcoin is headed? Let me know in the comments below!

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Disclaimer: The information presented within this video is NOT financial advice.

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