Previous bear market held down Bitcoin during accumulation at the 50-Week MA.
As Bitcoin moves closer to the $5500-$5600 area resistance, we see that the 50 Week MA is very close by and could add pressure along with horizontal resistance to keep Bitcoin from pushing to $6k at this time.
As Bitcoin moves closer to the $5500-$5600 area resistance, we see that the 50 Week MA is very close by and could add pressure along with horizontal resistance to keep Bitcoin from pushing to $6k at this time.