$BTC / $USD Testing 50MA - #TraderSnek
Bitcoin seems to be testing the 50MA as support.
Last time this happened successfully was OCT 3rd, 2021.
Price went from 47.5k to ATH.
Lose 50MA, hope for a bounce at 40-42k.
Gets ugly if we get some daily closes beneath 50MA (see NOV 18th, 2021 & MAY 13th, 2021).
Last time this happened successfully was OCT 3rd, 2021.
Price went from 47.5k to ATH.
Lose 50MA, hope for a bounce at 40-42k.
Gets ugly if we get some daily closes beneath 50MA (see NOV 18th, 2021 & MAY 13th, 2021).
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