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SYSTEM PROCESSING...
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SYSTEM PROCESSING...
Posted: 2025-04-13 22:26:14 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-13 22:26:50 UTC
Verified By
Rollup News
Bitcoin needs to maintain its position above the 50-week Simple Moving Average (SMA) at $76,000 to sustain its bullish uptrend. Temporary dips below this level are acceptable, but weekly closing prices must remain above it to preserve the structure of higher highs and higher lows, paving the way for potential new highs.
Importance of holding the 50-week SMA at $76K for Bitcoin's bullish trend
Acceptability of brief wicks below the SMA, similar to August 2024
Requirement for weekly closes to stay above the SMA
Maintaining the structure of higher highs and higher lows
Potential for new highs if the level holds
Risk of breaking the bullish uptrend if the 50-week SMA at $76K is not maintained
Potential for a deeper correction if weekly closes fall below the SMA