Bitcoin’s 50-Week MA Could Produce a Nice Relief Rally – BTC Analyst

Bitcoin’s symmetrical triangle has broken to the downside Bitcoin continues to trade below the 200-day moving average A death cross is on the horizon for Bitcoin However, the 50-week moving average could produce a relief rally at the $28k – $29k price area Bitcoin (BTC) could be gearing up for a relief rally at the 50-week moving average. This is according to analysis shared by popular BTC analyst, MagicPoopCannon, who also pointed out that Bitcoin’s symmetrical triangle that had formed […]