Hello traders, BTCUSDT is quickly moving up back towards 50k
We just saw a nice break of 44,322 (previous high from Jan 13th) as the 5 EMA acted as support. To see this 12HR bar close above that level = Bullish Sign
The harmonic pattern forming near the supply zone is the Cypher Pattern. Bulls will want to see this area hold as support before a push higher.
This trend analysis is not to be taken as financial advice; always do your research.
Questions are welcome in the comments below.
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