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Despite its relative insignificance, the fact that Bitcoin is back above the 20 day moving average may be a sign that it does in fact have the capability to maintain its bullishness in the short-term and not just immediately head back down. Of course we only have one candle so far, but continued movement above and below this short-term Bitcoin moving average may indicate that the rest of the cryptocurrency market wants to catch back up some. Let me know what you think of this analysis in the comments!
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