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Moving Average On the 1 day time frame, Bitcoin is currently trending bullish with the 50 day moving average currently sloping up and below the Bitcoin price, which could act as a support the next time it interacts with it.
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Whitney Webb BlackRock: \Our most recent Bitcoin price forecast indicates that its value will increase by % and reach $43, by February 09, Our analysis of the technical. In , Mark Mobius correctly forecast. While bitcoin hit its bottom at less than $16, in November, the original crypto reached more than $20, by January Bitcoin.