Consolidation continues! The price is shrinking between the weekly EMA50 and EMA100.
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
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