⚡ Bitcoin Risks Losing its 50-day EMA ⚡
$BTC is trading just above $115,000, holding the 50-day EMA ($115,063) as support. A decisive breakdown here could open the way to $111,980, the May 22 high.
📉 Bearish Momentum Building:
RSI at 45 → sloping downward = increasing bearish pressure
MACD crossed bearish on Saturday → red histograms growing below zero
🔼 On the flip side, if BTC holds the EMA, bulls could drive a rebound toward the $120,000 supply zone.
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