🚨 $BTC just closed above the 50-week MA.
Bitcoin is currently around $81.5K after reclaiming the 50W MA near $78.2K.
This is an important level because previous major cycle recoveries also saw BTC reclaim the 50-week moving average before stronger upside followed.
But one weekly close isn't enough to call a trend change.
The next thing to watch is whether BTC can hold above the 50W MA and eventually reclaim the $84K resistance area.
If that happens, the setup gets a lot more interesting. 👀
#BTC Price Analysis#
#BTC Above 60K#
Bitcoin is currently around $81.5K after reclaiming the 50W MA near $78.2K.
This is an important level because previous major cycle recoveries also saw BTC reclaim the 50-week moving average before stronger upside followed.
But one weekly close isn't enough to call a trend change.
The next thing to watch is whether BTC can hold above the 50W MA and eventually reclaim the $84K resistance area.
If that happens, the setup gets a lot more interesting. 👀
#BTC Price Analysis#
#BTC Above 60K#
