BTC/USDT (50D MA Strong Support)

💎Technical Analysis Summary💎



BINANCE: BTCUSDT

-Bitcoin did a good job confirming the 50D MA as support
-The price went up from 29k to 38k dollars or 31% increased
-We only have few hours left before the daily candle closes
-If Bitcoin can finish the day above the trendline resistance
-That is a good sign for the Bulls and our bias will shift back
-For now, the Bitcoin Bulls must defend the 33k area
-That will be its potential local support during its strong uptrend
-The market is showing good healthy correction
-And I'll be looking for a potential Altcoin swing trade





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