BTC took a deep dive in the past week, with a long wick testing the formed pennant.
However, it managed to close the weekly candle above $48,000, which is now a crucial point to hold taking support off the 50-day moving average as well.
BTC needs to close this week (and the coming weeks) above $48,000 to remain bullish.
However, it managed to close the weekly candle above $48,000, which is now a crucial point to hold taking support off the 50-day moving average as well.
BTC needs to close this week (and the coming weeks) above $48,000 to remain bullish.
