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$BTC is seeing a much needed bounce right now… 👀
As we talked about earlier in the week, Bitcoin on the 2W chart has been holding key support at the 50 EMA. This level was broken on the 1W chart but it has been respected VERY nicely on the 2W chart.
We have already started to see a bounce into the low $90k region after testing that 50 EMA level.
It is critical that we hold this level and avoid closing candles below it. Otherwise things could start to get pretty bloody.
I am looking for at least a retest of $100k in the coming weeks but I will definitely be keeping a close eye on this specific chart. 🤝