If you're still ignoring the 50-week moving average on $BTC, stop now.
Traders who dismissed this level last cycle ended up chasing prices much higher after the reclaim. Missing these long-term signals is how people lose out on the biggest moves.
Bitcoin has finally climbed back above its 50-week MA after 44 weeks below it. That is over ten months of trading under this key average.
Bears will say it is a fakeout and that macro headwinds remain too strong. I disagree. When $BTC holds this reclaim it has historically kicked off the next bull phase, with $ETH and $SOL following close behind.
The data does not lie here. This looks like the kind of shift that changes the entire market structure.
Is this the confirmation we needed or do you think we head lower first?
#Bitcoin #TechnicalAnalysis #Crypto
Traders who dismissed this level last cycle ended up chasing prices much higher after the reclaim. Missing these long-term signals is how people lose out on the biggest moves.
Bitcoin has finally climbed back above its 50-week MA after 44 weeks below it. That is over ten months of trading under this key average.
Bears will say it is a fakeout and that macro headwinds remain too strong. I disagree. When $BTC holds this reclaim it has historically kicked off the next bull phase, with $ETH and $SOL following close behind.
The data does not lie here. This looks like the kind of shift that changes the entire market structure.
Is this the confirmation we needed or do you think we head lower first?
#Bitcoin #TechnicalAnalysis #Crypto
