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📈 #Bitcoin $BTCUSD WEEKLY & DAILY Charts Update. As long as price holds above the 1 year - weekly moving averages (40SMA, 50SMA), setups are still constructive and we are still technically in bull market. 💪
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🌬 Potential Headwinds & Risks:
Weekly Chart: Impending Bearish Cross confirmation of 10EMA below 20EMA which will entail more downside risks.
Daily Chart: Price staying below 250SMA and chop sideways and retest 300SMA (ard 55-56k)
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For long term holders of #BTCUSD, Crypto funds, or #BTC ETFs ( e.g. $IBIT $GBTC $FBTC), Make sure you do your own risk management!
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View Disclaimers:
All Sharings and Charts shown are strictly my own personal opinions for educational and research purposes only and are not recommendations to buy or sell any assets.