I think the 50K calls are getting too bearish here.
$BTC just pushed above 80K and briefly tested the 50-week MA around 81K before getting rejected.
A rejection at resistance does not automatically mean 50K is next. If Bitcoin can reclaim 81K to 82K on a weekly close, the bigger trend could shift significantly. The bulls have already done the hard part by bringing BTC back from the 60Ks.
Now we watch the breakout.
82K first, then the next leg higher.
#BTC Price Analysis#
$BTC just pushed above 80K and briefly tested the 50-week MA around 81K before getting rejected.
A rejection at resistance does not automatically mean 50K is next. If Bitcoin can reclaim 81K to 82K on a weekly close, the bigger trend could shift significantly. The bulls have already done the hard part by bringing BTC back from the 60Ks.
Now we watch the breakout.
82K first, then the next leg higher.
#BTC Price Analysis#
