Can BTC Close Above the EMA50 on the Daily Chart..

Looking at the BTC daily chart, we can see that the price is struggling to hold above the EMA50 ($58.9k). An ideal situation for BTC is that we can close the daily above this. If not and we continue to see a drop in price, the area to watch out for a reaction would be $54.6k-$53.6k. This is our EMA100 level and our key fib level which has previously acted as support.