Looking closer at the recent price action around the 50 , we can see that price did temporarily break below it a few days ago, but BTC rallied back above the 50 to produce a dragonfly . Additionally, that candle bounced off of the top of the triangle (in black.) So, not only did the 50 hold, but the top of the triangle held support. As long as that continues to be the case, the top of the will be the target.
On the , we did get a crossover, but that is expected as the market consolidates here. If we break down below the 50, and expand lower on the on high , then that could slightly change things. However, that is not currently the case. The data currently shows us holding critical support, and unless it is broken, the top of the remains the target for the short term.
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time t buy