BITCOIN IS SHOWING REAL STRENGTH!
Bitcoin closed the week down 2.39%, but there is one important detail traders should not ignore.
$BTC has held above the 50-week Moving Average for 6 consecutive weeks, even as the U.S. market faces a correction.
Key Levels to Watch:
Support: 50-week MA
Bullish signal: Holding above the 50W MA
Bearish signal: A confirmed breakdown below this key level
If buyers defend this support, Bitcoin could recover. But losing it may bring more selling pressure.
The big question: Can BTC hold this level and surprise the bears?
Watch the weekly close carefully.
#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek #SouthKoreaDelaysCryptoIncomeTax #ElectrumFixesHighRiskExploitInVersionsBefore4.8.3
Bitcoin closed the week down 2.39%, but there is one important detail traders should not ignore.
$BTC has held above the 50-week Moving Average for 6 consecutive weeks, even as the U.S. market faces a correction.
Key Levels to Watch:
Support: 50-week MA
Bullish signal: Holding above the 50W MA
Bearish signal: A confirmed breakdown below this key level
If buyers defend this support, Bitcoin could recover. But losing it may bring more selling pressure.
The big question: Can BTC hold this level and surprise the bears?
Watch the weekly close carefully.
#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek #SouthKoreaDelaysCryptoIncomeTax #ElectrumFixesHighRiskExploitInVersionsBefore4.8.3

