Bitcoin Bounces off the 21 Day SMA

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Bitcoin just experienced a typical move to the downside, which is fairly normal even in a bull market. The fact that it bounced off the 21 day MA shows that it was not even that major of a correction (yet). The rest of the cryptocurrency market will continue to watch Bitcoin to see if Bitcoin volatility cools off or if in fact Bitcoin corrects more or re-enters price discovery mode. Where do you think the price of Bitcoin is headed? Let me know in the comments!

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

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