Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA – Crypto Daily™

The long-term trend is starting to align with the short-term one, making room for nice longs. Bitcoin dominance still holds above 50% and will probably hit 60% by mid autumn, when alt-season should start.
Bitcoin TA“Bitcoin (BTC) might finally be out of the woods this time as its price finds support at the 200 EMA on the weekly chart for BNC:BLX above in addition to its previous resistance turned support as well as the $5,800 support. This confluence of supports makes it very difficult for the bears to push the price lower from current levels. RSI is already trading in a falling wedge and is all set to break out of it in the weeks to come.”

Source: Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA – Crypto Daily™

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