Bitcoin - Trading below 50 and 200 EMA

Currently bitcoin is trading below 50 and 200 EMA after multiple failed attempt to breach the these EMA levels. 1D candle closed above 200 EMA however, failed to close above 50 EMA
Additionally price is around the trendline which is acting as resistance, a strong breakout from this resistance is needed for bullish momentum to continue.

In the next couple of days we will get to know if price will break the resistance or gets rejected.

Stay tuned for more updates

Cheers
GreenCrypto