🚨BITCOIN UPDATE🚨
In our previous update, we mentioned that BTC would first hit $58K and then retest $55.5K. BTC has followed our analysis exactly. The positive news is that BTC broken the 50-day moving average but managed to close the candle body above it.
As you can see in the chart, the 50-day moving average is now acting as support. BTC is gaining momentum and is currently trading above $58K. If BTC can hold the $58K level and form some candles above this, we could see it move to $60K, followed by $61.7K.
With BTC still above the 50-day moving average, we may be witnessing a reversal, which is also positive for altcoins.
