Bitcoin Price Faces Crucial Test at 50-Day SMA: Bulls Aim for Breakout Above $110,000 Resistance 📈
Bitcoin has pulled back to its 50-day Simple Moving Average (SMA), a significant technical level that has served as a critical support point recently.
This technical indicator may act as a foundation for potential bullish momentum.
Traders are closely watching for a breakout beyond the $110,000 resistance, as noted by CoinDesk, which could signal further upward movement.
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