BTC needs correction to 21 week EMA for more upside
47K be our key target if we want to break resistance (between 57.5K and 59K. Many technical indicators are showing this:
1) Rising wedge target on four hour time has target of 47K
2) Possible head and shoulders pattern in play with target for 47K
3) 21 week EMA should close around 47K by Sunday
Every bull market run in Bitcoin history has hit the bull market support band a multitude of times. If 47K breaks, we should look to 43K for support.
1) Rising wedge target on four hour time has target of 47K
2) Possible head and shoulders pattern in play with target for 47K
3) 21 week EMA should close around 47K by Sunday
Every bull market run in Bitcoin history has hit the bull market support band a multitude of times. If 47K breaks, we should look to 43K for support.
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