🅱️₿ Another Major Development On The Weekly Timeframe | Bitcoin

16 בפבר׳ 2023

Bitcoin is now moving above EMA50 on the weekly timeframe to the upside for the first time since April 2020, another major bullish development.

MA200 is also being challenged.
BTCUSD moving above $25,023 would turn this level as well.

This hasn't happen to the upside ever because Bitcoin has never been below MA200 on the weekly timeframe for more than a few days.

This is the first time that it happens and once Bitcoin is back above this level, the doors are open for long-term growth (higher highs and higher lows).

As the downtrend ends, a new trend (uptrend) starts.

Namaste.