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Bitcoin is FINALLY starting to bounce off the 100MA 👀
We’ve been keeping an eye on this chart and the 2W 50MA for a while now, and Bitcoin is FINALLY starting to do something…
We have started to see a VERY nice bounce back above $91k for the first time in weeks, with some pretty decent bullish momentum.
I’ve got a feeling there’s a very good chance we keep going higher here, but I’m not convinced we will see new ATHs this year. A dead cat bounce to the $110k range would make a lot of sense to me, as we saw Bitcoin reject hard from that level around this time last year.
Even if we don’t get new ATHs, this rally continuing would bring a LOT of volume back on chain and create some solid trading opportunities. I’ll be keeping a close eye on this chart over the next few weeks…