Bitcoin was frequently finding support above the fifty-day moving average in the one-day time frame. However, Bitcoin has been trading below this support level for the past three days. Additionally, the last two candles have crossed down and closed below the support level of 27600. If the CPI data turns negative, then we can see support above the 100-day moving average, according to today's analysis. More importantly, we had another support level below the fifty-day moving average (27600). which is around 26000. However, there may be a candle here that closes below 26000, but it will close above 26000.
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