Bitcoin has recently managed to reclaim a crucial level above its 200-day Exponential Moving Average (EMA). This level is significant in determining the potential for a bullish or bearish trend in the cryptocurrency market.
The question now is whether the bulls can sustain this momentum and exert continued pressure, or will the bears resume control.
As Bitcoin navigates this pivotal level, market watchers are keenly observing the price movements and the overall market sentiment.