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cryptoonchain

BTC respected to MA 50 (weekly time frame)

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
cryptoonchain  
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Moving Averages movingaveragebreakout Contains image
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trendanalysis movingaverage movingaveragebreakout containsimage
After the breakdown of the 50-week moving average, bitcoin has respected it and is squeezing below it and above the trend line. Given its historical background, Bitcoin does not appear to break up the 50-week moving average before entering the RSI oversold zone. There is a possibility of a breakdown of the support line.
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