But the chart is on our side and this all changes if BTC can move and stay above MA200 on the , that’s around the $45,250 price level.
On the weekly chart we are looking really strong when it comes to the technical part.
This pattern can lead to a short-term drop followed by additional growth.
- EMA50 was strongly tested as support and it has now been left behind.
- Bitcoin is trading above all EMAs, EMA10/21, which is a sign.
- The is above 50, super strong on the weekly.
- The stays above the zero line even after ~50% correction.
This is all points higher…
In conclusion, we continue aiming higher unless Bitcoin moves and closes below support.
This is Alan M…
Thanks a lot for your support.