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CRITICAL MOMENT FOR BITCOIN

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin is at a critical moment of this bull market flirting with the 20W SMA . The last time it touched this critical support was in September 2020, where it kicked of the bull market by holding it as support. If we see a weekly close below the 20W SMA , we could see a lack of confidence in the altcoin market and potentially short-term capitulation. Otherwise, in case of a bounce, we could potentially see a relatively quick Bitcoin surge to the 60K range and test this critical resistance level .

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