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Bitcoin needs to break the 4-hour 200 MA cloud to resume upward, Caleb Franzen says

Bitcoin needs to break the 4-hour 200 MA cloud to resume upward, Caleb Franzen says
Bitcoin 4-hour MA cloud move awaited

Caleb Franzen said he is patiently waiting for Bitcoin to break above the 4-hour 200 moving average (MA) cloud, describing this as the sign for 'Resume Up Only.'

Franzen did not offer additional analysis or specify trading actions in his statement.

Franzen has commented previously on weakness in equity markets, identifying a bearish engulfing candle in the S&P 500 as tech and growth stocks underperformed. He has also noted the sharp decline in Opendoor shares, down 87.8 percent since its IPO. His recent posts reflect a continued focus on significant technical signals across different asset classes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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