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Lenadunhamm

BREAKING: Bitcoin has just tested its 50-week moving average.



Historically, weekly closes above this level have often marked the beginning of major bullish moves.

If BTC holds above it again, could we be looking at another bull-market setup?

The strength is definitely worth watching.#TopFiveLeaguesPreMatchPredictor #GoldmanSachsBullishOnCXMT $BTC
BTC2.75%
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ExitLiquidityStan
· an hour ago
If it’s really as the article says, and the previous times it moved above the 50-week moving average all led to major rallies, then this pullback for confirmation is a rare dip-buying opportunity. Hopefully the major players won’t stage another fake breakout.
View OriginalReply0
FifteenMinMr
· an hour ago
The weekly moving-average test looks exciting, but don’t just call it bullish yet—first see whether it can hold this week. Technicals are one thing, but volume needs to keep up too.
View OriginalReply0
BridgeRepairman
· an hour ago
The 50-week moving average is indeed a critical level. Historically, holding above it has marked the start of a new rally. If we can close back above it this time, I’m planning to add to my position.
View OriginalReply0

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