BTC/USDT (Daily 50MA Good Support?)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Bitcoin almost touches the daily 50MA support area
-The Bulls bought the dip and bounced up to a 17% increase
-BTC is now testing the midline of this descending channel
-If Bitcoin will just trade above the 31k area in the next few days
-I'm expecting the 50MA will catch the price and hopefully act as support again
-Basically, we will be having the sideways market condition
-Which will definitely benefit the Altcoins in the coming days
-But do not let your guard down because the Bears may enter the market
-And send the price back to the 29k area or even lower
-So please don't forget to place your stop-loss



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