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Happy Sunday friends 🙋♂️
#Bitcoin still looks technically positive.
In the weekly view, the MA50/200 moving averages are bullish. The MA200 retest is about to be completed. For the MA50 to cross, #BTC needs to drop below 38K, so let's say the bear season has arrived.
The GAP on the CME chart coincides with the fib intermediate resistance zone.
We can't say for sure that the trend has reversed until we see a weekly close above 87K.
And we can't say the bull has started until we see a close above 105K. However, I am still optimistic in the medium term. In the end, incredible prices could be seen in Bitcoin.