Bitcoin
Largo

$BTC Relief Rally Looks Promising

150
₿itcoin showing some real promise here, but got rejected on the Daily Close for the key support zone that it needs to reclaim at the .618 fib ~$94,2k

It did close above the 50DEMA and we have a bullish cross with the 9DEMA on the horizon which should drop us into the new support zone.

BTC really needs some closes above $97k to make this rally a reality tho.

The next target would be the 50WMA ~$101,5 which could be the critical rejection point where most would be offloading.

The bearish Weekly Close on GOLD helps confirm this rally.

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