$BTC 50 EMA Analysis – Daily Timeframe
Price is currently hovering just above the 50 EMA (blue line), which sits around $103,164, while BTC trades slightly higher at $103,774. Historically, as shown by the chart, BTC has respected the 50 EMA as dynamic support in uptrends and resistance in downtrends. Recent touches on the 50 EMA have triggered bounces, indicating it's a strong technical level.
🔸 Key Support Zone at $103,000 – $102,000:
If BTC holds above this zone, continuation toward previous highs is likely.
🔸 Upside Target: $108,000 – $110,000
Should the 50 EMA act as a springboard again, BTC could retest recent highs.
🔸 Risk Level at $101,500:
A daily close below this level may invalidate the bullish structure and trigger a deeper correction.
🔸 Outlook:
Watch for confirmation of a bounce above the 50 EMA. Bullish entries can be considered on strong daily candles above the moving average with tight risk management.