As shown on the chart, Bitcoin is moving in an ascending triangle.
Thankfully so far on a weekly timeframe, EMA 50 is support the price and lets hope it continues to do that for this week itself.
It it Bitcoin manages to stays above Weekly EMA 50 then there is a good chance that it will retest 36K zone and might even break.
Thankfully so far on a weekly timeframe, EMA 50 is support the price and lets hope it continues to do that for this week itself.
It it Bitcoin manages to stays above Weekly EMA 50 then there is a good chance that it will retest 36K zone and might even break.
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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.