BTC broke its prior downtrend and is now riding an ascending support line. Price remains above the 200 EMA and has reclaimed a key support zone. MACD histogram has flipped positive, showing building bullish momentum. A sustained hold above the trendline could open the path toward higher levels, but a break back below support would weaken the structure. Monitoring reaction near $118.5K for confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.