₿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.
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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