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$BTC / $USD Testing 50MA - #TraderSnek

Bitcoin (BITSTAMP:BTCUSD)  
TraderSnek  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) BTCUSD
3
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trendanalysis chartpattern bitcoin btcusd
Bitcoin seems to be testing the 50MA as support.

Last time this happened successfully was OCT 3rd, 2021.

Price went from 47.5k to ATH.

Lose 50MA, hope for a bounce at 40-42k.

Gets ugly if we get some daily closes beneath 50MA (see NOV 18th, 2021 & MAY 13th, 2021).
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