Technical analysis signals indicate a breakout. Bitcoin has surpassed the bearish trend line that lasted for weeks and is now trading above the EMA 50 line (104.513 Dollar), and the previous resistance level is 106.135 Dollar. The momentum remains strong, supported by the MACD line crossover and an engulfing bullish candlestick pattern above the 101,400 Dollar level, setting the stage for the next rise if the price exceeds the 108,738 Dollar#Kevin Lee Joins Gate Square #Crypto Market Structure Principles Bill
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#Crypto Market Structure Principles Bill
Technical analysis signals indicate a breakout. Bitcoin has surpassed the bearish trend line that lasted for weeks and is now trading above the EMA 50 line (104.513 Dollar), and the previous resistance level is 106.135 Dollar. The momentum remains strong, supported by the MACD line crossover and an engulfing bullish candlestick pattern above the 101,400 Dollar level, setting the stage for the next rise if the price exceeds the 108,738 Dollar#Kevin Lee Joins Gate Square #Crypto Market Structure Principles Bill