The $BTC weekly moving average indicates that our bull cycle remains intact. If Bitcoin closes below the 50-day MA, we are most likely to test the 100-day MA, which sits around $85,000๐จ
However, as long as we stay above the 50-day MA, the upside momentum can resume, potentially targeting higher resistance levels like the recent all-time highs.
This key support acts as a litmus test for the ongoing uptrend, with volume and RSI indicators currently aligning in favor of bulls if we hold this level.
