BTCUSD Is At Critical Juncture

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
After consolidating slightly above its lifelong 61.8% fib retracement, BTCUSD is sitting at a critical juncture. Having moved back above its 200 day MA, BTCUSD now needs to break above the top boundary of the pennant in order to get a sustained upward rally. Also, if the 50 day MA reverses to an upward trend, it will give BTCUSD a lift. Otherwise, I expect to see sideways movement.
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