Bitcoin experienced a significant decline over the last week, dropping by 5.41%. However, an optimistic perspective remains as an analyst highlights a potential rally for Bitcoin if it sustains above a crucial technical level—the 21-week Exponential Moving Average (EMA). This moving average is often used by traders to determine the overall trend and momentum of an asset.
The 21-week EMA can be a critical indicator in assessing whether Bitcoin will shift towards a bullish trend in the near future. Stay vigilant of this key level as it might signal potential upcoming price movements for Bitcoin.
