Can BTC Close Above the EMA50 on the Daily Chart..
Looking at the BTC daily chart, we can see that the price is struggling to hold above the EMA50 (58.9k). An ideal situation for BTC is that we can close the daily above this. If not and we continue to see a drop in price, the area to watch out for a reaction would be 54.6k-53.6k. This is our EMA100 level and our key fib level which has previously acted as support.
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