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#Has the Market Bottomed Out?
Trader Mikybull Crypto predicts that Bitcoin may retest the 50-week moving average (MA), forming a potential short-term bottom. In September 2024, Bitcoin repeatedly fell near the 50-week moving average, then gradually rebounded, experiencing a significant pump in November of that year. Crypto analyst Mikybull Crypto predicts that Bitcoin may retest the 50-week moving average (MA), forming a potential short-term bottom.
The 200-day moving average of Bitcoin has also become the focus of traders again, often referred to as the bull-bear dividing line. Currently, since October 2024, Bitcoin is once again testing its support capabilities.