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$BTC is starting to bounce off support perfectly…
As we have been talking about over the past few days, $BTC absolutely needs to hold above the 2W 50ema level to keep its bull market higher highs and higher lows intact.
Right now we are seeing exactly what we want to see, and that is a clean bounce from that 50ema level. Now the next step is to reclaim and close candles above the 50ema on the 1W chart, which was broken a few weeks ago.
If we can reclaim that level, I would not be shocked if we run to new ATHs again, possibly before the new year. Bitcoin is still definitely in danger at these prices if we do not keep moving higher, so we are not fully out of the woods yet.
Keeping a very close eye on these charts 👀