Technical analyst Rekt Capital has identified key levels Bitcoin must maintain to preserve its bullish momentum. As Bitcoin fell below $95,000 on November 14, resulting in over $1.3 billion in liquidations, Rekt Capital highlighted the importance of the 50-week EMA. He noted that Bitcoin has formed clusters of lower lows at this level and stressed the need for BTC to close above the 50-week EMA at $101,285 this week to sustain its bullish market structure. Failure to achieve this could invalidate the current bullish trend.
Rekt Capital Identifies Critical Levels for Bitcoin's Bullish Trend
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