Ali Charts: Bitcoin is in a long-term accumulation range, suggesting a strategy of gradual allocation.
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Crypto analyst Ali Charts stated that the Bitcoin 200-week SMA is at $63,500, with the current trading price around $60,000, which is within a long-term accumulation range. Ali Charts believes it is possible to accumulate in batches within the $58,000 to $40,000 range, as Bitcoin may still decline to $54,000 or even $40,000.
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Bitcoin
BTC
$73,932.88
+0.92%
Ethereum
ETH
$2,060.17
+0.47%
Tether USDt
USDT
$0.9987
+0.00%
BNB
BNB
$679.4
+0.09%
USDC
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$0.9998
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XRP
XRP
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+0.30%
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$83.49
+0.55%
TRON
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-0.09%
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+1.10%
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