Gm! $BTC managed to hold the 50W SMA as support so far 🤞

In addition, if price remains positive for the rest of this week, the RSI should break above the downtrend line. If the momentum from the RSI breakout is strong enough and it is able to bring $BTC above the 20W SMA, then perhaps, the correction is officially over and $BTC enters the next uptrend.

This is again similar to the correction in 2024, where $BTC saw 2 tests on the 50W SMA.

That said, as per my earlier post (https://debank.com/stream/...), there is still a chance for 1 more scare if the current momentum is weak 🤔.