$BTC /USDT Analysis (1W):
Bitcoin continues to show impressive consistency, once again holding strong at the 50-week EMA, a level that has acted as reliable support multiple times in this cycle.
The zone of confluence has now been successfully tested and defended, suggesting that buyers are stepping in aggressively around this area. As long as BTC maintains above this zone, the broader structure remains bullish.
Historically, every retest of the 50 EMA has led to a fresh upward leg, and if the pattern repeats, we could be gearing up for another strong rally in the coming weeks.
Keep an eye on the weekly close, holding above the EMA could confirm the next phase of continuation.
DYOR, NFA
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