BTCUSD: Amazing similarity with 2020. Will the 1D MA50 hold?

Bitcoin has so far remarkably followed the fractal that followed the March 2020 COVID crash. Of course that was a pattern on the second phase of that Bull Cycle, whilst now (chart on the left) was the first rebound of the Bull Cycle. Nevertheless, the similarities are striking. Especially on the RSI's part. The 1D technical outlook is bullish (RSI = 60.001, MACD = 1547.200, ADX 26.937) and as long as the 1D MA50 holds, there is reason not to expect a bullish extension. Fractal-wise we are in a situation similar to the November 26th 2020 pullback, which gave way to a short term consolidation.

Do you think the 1D MA50 and initiate a new bullish wave?

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