Bitcoin: Between a rock and a hard place

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After the wick to over $38k, Bitcoin has retraced back down around the 20 day SMA. With the price of Bitcoin ranging between the 20 day SMA and the 21 day EMA, 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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