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Benjamin Cowen: Bitcoin Falls Below the 50 Week Moving Average

TL;DR

Bitcoin just slipped below its 50-week simple moving average—a key trendline many traders watch to gauge long-term strength. Losing that support could signal weakening bullish momentum and open the door for a deeper pullback.

We’ll be tracking whether BTC can reclaim this level or if the slide continues, since a sustained break often hints at rougher waters ahead. Stay tuned for more updates!

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