BTC Fails At $49-50k Resistance, But Weekly Chart Showing Strength (Bitcoin Price Analysis)

BTC managed to make a third weekly close above the 21-week and 200-day moving average as the largest cryptocurrency continues the bull market continuation validation phase. After rallying higher for 5 consecutive weeks with near-term momentum slowing and bearish divergence on the 4-hour chart, consolidation can be expected. Resistance at $50k continues to be the […]

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