Bitcoin stalling at the 50-week Moving Average ($81,085) after a 30% rally was expected technical price action. First attempts at major weekly moving averages rarely clear immediately.
Key reasons bears and KOLs target $50K–$55K:
First-touch rejections at the 50-week MA often mark relief rallies (bear market rallies) within larger downtrends. Pushing to $81.2K swept short liquidity before finding institutional supply. Below $60K lies a high-volume support node where traders expect CME gap fills and a long-liquidation reset.
The counter-case rests on institutional flow. Spot ETFs logged $2.5B+ across a six-day inflow streak, providing actual spot demand beneath the market.
A pullback toward $70K–$72K tests local support; whether it devolves into a $50K flush depends on whether ETF buying continues.
$BTC #BTC #BTC Price Analysis# #BTC Correction Incoming?#
Key reasons bears and KOLs target $50K–$55K:
First-touch rejections at the 50-week MA often mark relief rallies (bear market rallies) within larger downtrends. Pushing to $81.2K swept short liquidity before finding institutional supply. Below $60K lies a high-volume support node where traders expect CME gap fills and a long-liquidation reset.
The counter-case rests on institutional flow. Spot ETFs logged $2.5B+ across a six-day inflow streak, providing actual spot demand beneath the market.
A pullback toward $70K–$72K tests local support; whether it devolves into a $50K flush depends on whether ETF buying continues.
$BTC #BTC #BTC Price Analysis# #BTC Correction Incoming?#
