$BTC reclaimed the 50W MA
BTC is trading at 84,298, back above the 50-week moving average at 78,174. It got there in a week that included a failed Senate vote on the CLARITY Act and a 25bp Fed hike. Bad headlines, and the price still held 75K.
Here is how I map it:
If the weekly closes above 83K, the reclaim gains weight and 87K becomes the next test.
If it slips back under the 50W MA, this was a squeeze into resistance, not a trend change.
The weekly candle is still open, so a reclaim is not a confirmation.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #BinanceSquare
BTC is trading at 84,298, back above the 50-week moving average at 78,174. It got there in a week that included a failed Senate vote on the CLARITY Act and a 25bp Fed hike. Bad headlines, and the price still held 75K.
Here is how I map it:
If the weekly closes above 83K, the reclaim gains weight and 87K becomes the next test.
If it slips back under the 50W MA, this was a squeeze into resistance, not a trend change.
The weekly candle is still open, so a reclaim is not a confirmation.
Verify first. Risk later. Scale slowly...
#Bitcoin #BTC #BinanceSquare
