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$BTC is still holding on for dear life at the 2W 50 EMA…
As we’ve been discussing, $BTC is in real danger around these levels, with one of the last major lines of support being the 2W 50 EMA.
This morning we saw a brief dip below, followed by a quick recovery back above that level. It is crucial that we keep closing candles above it.
Vanguard just announced they will be allowing their investors to gain exposure to $BTC through ETFs… this is MASSIVE news and could spark one final rally for the cycle.
But before we start looking for any new ATHs, we NEED to see price action move away from these levels and start bouncing soon.
Keeping a VERY close eye on this chart.