Derived from The Crypto Basic, technical analyst Rekt Capital has outlined crucial levels Bitcoin (BTC) must hold to preserve its long-term bullish structure. As BTC fell below $95,000 on November 14, triggering over $1.3 billion in liquidations, Rekt Capital noted that Bitcoin has formed clusters of lower lows at the 50-week EMA. He emphasized that BTC needs to close above the 50-week EMA at $101,285 this week to maintain its bullish market structure. Failure to do so could invalidate the current bullish trend.
Rekt Capital Highlights Key Levels for Bitcoin to Maintain Bullish Momentum
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