But the chart is on our side and this all changes if BTC can move and stay above MA200 on the , that's around the $45,250 price level.
On the weekly chart we are looking really strong when it comes to the technical part.
We have the "Three White Soldiers" pattern which is and prices remain strong.
This pattern can lead to a short-term drop followed by additional growth.
Other than low this week everything looks .
- EMA50 was strongly tested as support and it has now been left behind.
- Bitcoin is trading above all EMAs, EMA10/21, which is a sign.
- The is above 50, super strong on the weekly.
- The stays above the zero line even after ~50% correction.
This is all points higher...
In conclusion, we continue aiming higher unless Bitcoin moves and closes below support.
This is Alan M...
Thanks a lot for your support.
The black line stands for MA200.