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🌟✨️💥 #bitcoin is now compressing between the key weekly EMA's and is on the cusp of a potential 20&55 WEMA death cross
The 200 WEMA sits below at $67,980 I expect a small bounce at the 200 WEMA if we begin to close below the 100 WEMA and sweep the April 2025 low!
As you can see in this 5 wave uptend for btc it held the 55 WEMA at every single bottom. where we were MAX bidding!!
It has currently lost the 55 WEMA and has confirmed it as resistance in a 3 wave retest that looks corrective. So bullmarket support has now become bear market resistance.
In the future if we can begin to see the 55 WEMA become support once more, we could begin to entertain another bullish 5 wave impulse to the upside.
✅️ FOLLOW FOR MORE ✅️
$BTC