BTCUSDT-must break this level to trigger an uptrend.
2025-02-09
Category: None

BTC has been attempting to break above the 21 and 50 EMA lines for the past 8 days, only to face strong rejections on lower timeframes and long wicks from the upside.

Unless the price manages to break above these key moving averages, it is likely to struggle and could even revisit the 91k level near the 100 EMA. Historically, the 21 EMA has been a key strength indicator for BTC.

I'll keep an eye on the chart and provide updates if there are any changes.