$BTC is flashing a familiar signal from 2023. A major move could be approaching
Bitcoin is once again trading between the weekly MA 50 and MA 100, a setup that appeared before the massive 2023 breakout.
After facing rejection near $87,400, Bitcoin is approaching a critical moment.
The weekly MA 50 at $75,500 remains the first major support, while the MA 200 sits near $67,800.
On the upside, $82,000 is the immediate resistance. Breaking above $87,400 could open the door for a much stronger rally.
RSI is hovering near 50, still holding above the bearish zone. Meanwhile, Stochastic RSI shows weakness, suggesting momentum could cool further.
A dip toward RSI 44 remains possible before buyers regain control.
The similarities to 2023 are getting harder to ignore.
If BTC holds its key support and reclaims the weekly MA 100, another explosive bullish move could follow.
$BTC
Bitcoin is once again trading between the weekly MA 50 and MA 100, a setup that appeared before the massive 2023 breakout.
After facing rejection near $87,400, Bitcoin is approaching a critical moment.
The weekly MA 50 at $75,500 remains the first major support, while the MA 200 sits near $67,800.
On the upside, $82,000 is the immediate resistance. Breaking above $87,400 could open the door for a much stronger rally.
RSI is hovering near 50, still holding above the bearish zone. Meanwhile, Stochastic RSI shows weakness, suggesting momentum could cool further.
A dip toward RSI 44 remains possible before buyers regain control.
The similarities to 2023 are getting harder to ignore.
If BTC holds its key support and reclaims the weekly MA 100, another explosive bullish move could follow.
$BTC
