BTC: Closes Week Above 50-Week Moving Average
BTC closed above its 50-week moving average with 29% gains in 35 days as U.S.-Iran tensions fail to trigger traditional war trade.
SourceAnalysis
BTC closed the week above its 50-week moving average and posted a 29% gain over the past 35 days, signaling the traditional war trade is losing grip despite ongoing U.S.-Iran tensions.
Price at $85028.75 tests upper Bollinger resistance at $84231.5 while RSI(14) at 83.64 flashes overbought, pointing to a probable retracement toward 50-EMA support at $79570.49 before continuation in the bullish EMA structure confirmed by MACD golden cross.
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