#BTC Bitcoin has Weekly Closed above the 50-week EMA (purple) but below the major resistance (red) More, the upside in last week's Weekly Candle was almost completely cancelled out Still, the 50-week EMA continues to hold and Bitcoin is still trying against this resistance Bitcoin will need at minimum continued stability here for progress and at best a new Higher High to shift the macro trend At the moment, price is still at a Lower High, still at major resistance, still beneath the Macro Downtrend, and displaying initial signs of Daily Bearish Divergences bitcoin:native #Bitcoin
Rekt CapitalShare
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