$BTC's 20-month SMA resistance is flattening out—this is actually a decent setup for bulls. When long-term moving averages start to flatten after extended downtrends or consolidation, it often signals weakening resistance. The slope matters as much as the level itself.
If bulls can push through here with conviction, you're looking at a potential regime change in the intermediate trend. Watch for a clean break and hold above that SMA—false breaks are common at these inflection points. Volume and follow-through will tell you if this is real or just another head-fake.
Good risk/reward if you're positioned for the breakout, but manage stops tight if it fails.
If bulls can push through here with conviction, you're looking at a potential regime change in the intermediate trend. Watch for a clean break and hold above that SMA—false breaks are common at these inflection points. Volume and follow-through will tell you if this is real or just another head-fake.
Good risk/reward if you're positioned for the breakout, but manage stops tight if it fails.
