Daily candle closed below the 50 EMA!

22 thg 4, 2021

Here's a quick update on BTC Daily chart. As we can see The price Closed below the 50 EMA for the first time since 8th October last year! This is not a positive sign alongside the break to the downside from the rising wedge. We might visit the TA target of 43k in the near future!
The 50 EMA has worked as a very strong support throughout the whole bull run and and a daily candle close below it should not be take lightly.

Not to get too bearish then I should remind you that we have a unfilled CME Gap at 60k and these gaps tends to get filled 98% of the time.

There is a possibility that we get supported by the green support zone and see a massive bounce from there.

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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!