đ¨ $BTC BREAKING THE DOWNTREND?
Bitcoin may be entering a major trend reversal. đ
The technical picture is getting interesting:
đ 50D MA > 200D MA â Golden Cross
đ BTC reclaimed the 50-week moving average
đ Higher-high / higher-low structure remains intact
đ BTC is consolidating around the $83Kâ$87K zone
The key now is confirmation.
If BTC can reclaim and hold the $86Kâ$87K resistance area, the breakout could gain serious momentum.
But if $82Kâ$83K fails, the reversal thesis weakens and $80Kâ$81.5K becomes an important downside zone.
My take: The downtrend may be transitioning into an uptrend â but BTC still needs to prove it.
đ Watch the breakout.
#Bitcoin #BTC #Crypto #Bullish #BinanceSquare
Bitcoin may be entering a major trend reversal. đ
The technical picture is getting interesting:
đ 50D MA > 200D MA â Golden Cross
đ BTC reclaimed the 50-week moving average
đ Higher-high / higher-low structure remains intact
đ BTC is consolidating around the $83Kâ$87K zone
The key now is confirmation.
If BTC can reclaim and hold the $86Kâ$87K resistance area, the breakout could gain serious momentum.
But if $82Kâ$83K fails, the reversal thesis weakens and $80Kâ$81.5K becomes an important downside zone.
My take: The downtrend may be transitioning into an uptrend â but BTC still needs to prove it.
đ Watch the breakout.
#Bitcoin #BTC #Crypto #Bullish #BinanceSquare