#Bitcoin is facing resistance at the upper trendline and the | Mags on Binance Square

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#Bitcoin is facing resistance at the upper trendline and the 1.618 Fibonacci level. 
A breakout here could trigger a massive bull run.

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#Bitcoin - Bear market incoming? A lot of people think Bitcoin is heading into a bear market. The easiest way to check? Look at the 50 Weekly Moving Average. If you notice, the 50-week MA has been a strong support over the years. Every time Bitcoin dips to this 50 WMA , it usually finds support and bounces back. It’s often been a great area to buy BTC. But if the price breaks below this moving average, that’s when we could expect a start of the bear market. Right now, the price is still well above the 50-week MA, and it’s also holding strong above the previous all-time high. It looks like we’re just consolidating before the next leg up.

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