According to cryptocurrency analysts at Coinidol.com, Bitcoin has slipped below the 50-day SMA (Simple Moving Average) after failing to hold above the 21-day SMA resistance. The bearish momentum has taken over, pushing Bitcoin to a low of $95,404. The bulls are attempting to keep the price above the 50-day SMA, but if it fails, Bitcoin could go even lower, potentially returning to previous lows above $90,000. The key resistance levels are $90,000 and $110,000, while the key support levels are $70,000 and $50,000. The current support level is around $94,000, and if it is broken, Bitcoin is expected to fall to $90,000. However, if buyers can keep the price above the 21-day SMA, Bitcoin may resume its uptrend. It is important for readers to conduct their own research before making investment decisions.



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