$BTC just hit its first daily MA 50 since we were stuck in the 64k range.
This is a technical level that historically acts as support/resistance during trend shifts. Last time we tested this was months ago before the next leg.
Watch for:
• Bounce = continuation signal
• Rejection = more downside incoming
MA 50 on daily isn't some magic line but it's where algos and institutional desks pay attention. Price action here matters.
This is a technical level that historically acts as support/resistance during trend shifts. Last time we tested this was months ago before the next leg.
Watch for:
• Bounce = continuation signal
• Rejection = more downside incoming
MA 50 on daily isn't some magic line but it's where algos and institutional desks pay attention. Price action here matters.