Bitcoin Successfully Reclaims the 50-Day EMA
Bitcoin has once again managed to reclaim the 50-day Exponential Moving Average (EMA).
For now, the 50-day EMA remains the key indicator to watch, as it provides crucial signals for identifying bullish and bearish trends in BTC price action.
One notable pattern I’ve observed in BTC’s price chart is that during corrections following upward trends, the 50-day EMA often acts as strong support. However, when this level is briefly broken to the downside and then quickly reclaimed, BTC typically experiences a sharp rally of approximately 10% to 20%.
Currently, we are seeing a similar setup. After a recent uptrend, BTC retraced and briefly closed below the 50-day EMA, only to reclaim it shortly afterward. For the past three days, BTC has been closing strongly above the 50-day EMA.
Based on this analysis, I believe BTC could reach the $120K level in the short term.
That said, geopolitical developments—particularly any positive or negative news involving the U.S., Israel, and Iran—could trigger sudden volatility in BTC’s price. Please avoid using leverage during this period and remain cautious in the face of potential market swings.
Written by İbrahim COŞAR
