The Weekly MA50 Is Holding Bitcoin (BTC) Back – Here Are the Levels to Watch
📉 Bitcoin is struggling to break above the $80,000 mark and is currently testing the weekly MA50, a crucial resistance level that needs to be reclaimed for further upward momentum.
🔍 Analyst Doctor Profit highlights that while $78,500 has been broken as resistance, it hasn't yet confirmed as support, with $71,000 remaining a key support reference.
📅 Key events this week include a new version of the CLARITY Act aimed at regulating crypto holdings for public officials and the Federal Reserve's decision on interest rates, which could impact Bitcoin's market outlook.
📉 Bitcoin is struggling to break above the $80,000 mark and is currently testing the weekly MA50, a crucial resistance level that needs to be reclaimed for further upward momentum.
🔍 Analyst Doctor Profit highlights that while $78,500 has been broken as resistance, it hasn't yet confirmed as support, with $71,000 remaining a key support reference.
📅 Key events this week include a new version of the CLARITY Act aimed at regulating crypto holdings for public officials and the Federal Reserve's decision on interest rates, which could impact Bitcoin's market outlook.