#BTC
Bitcoin is on the cusp of performing a Weekly Close below the 50-week EMA (purple)
This is a key EMA that Bitcoin will need to reclaim as support for additional bullish momentum beyond these highs
In Bear Markets, this EMA figures as a resistance however
And so confirmation of Bitcoin still being in a Bear Market would be a rejection from here and a failed retest of the 21-week EMA as support (green)
$BTC #Bitcoin
Bitcoin is on the cusp of performing a Weekly Close below the 50-week EMA (purple)
This is a key EMA that Bitcoin will need to reclaim as support for additional bullish momentum beyond these highs
In Bear Markets, this EMA figures as a resistance however
And so confirmation of Bitcoin still being in a Bear Market would be a rejection from here and a failed retest of the 21-week EMA as support (green)
$BTC #Bitcoin