Bitcoin has retested the 50 MA. It need to close above that today. A close below that today will definitely start to look a lot more bearish. 1 a close below that will show that Bitcoin was rejected at 50 MA. Also looking to also show it is breaking out the bottle of wedge. Both will not be good. Though if it can find support above 50 MA by closing above it and then repeatedly doing so then this uptrend will continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.