Bitcoin has breached the 200-day exponential moving average (EMA) for the first time since October, breaking out of a tight trading range. Despite currently being in a death cross formation with the 50-day EMA below the 200-day EMA, momentum indicators suggest weakening downward pressure and growing buying interest. If Bitcoin sustains daily closes above $95,000, it could trigger a golden cross, signaling a potential start of a strong bullish trend.
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[IMPORTANT] Bitcoin Nears Breakout from Death Cross as Price Surges Above 200-Day EMA
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