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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