BTC/USD (Bulls Holding Critical Support)

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BTC/USD

-Bitcoin is holding above 50MA for the 2nd day
-Must close daily candle above 50MA & 20MA
-Ascending trendline support keeps the bulls alive
-If BTC can hold current price levels for the next few days
-There is a chance we could see a minor rally to test 7.2k
-Bearish scenario if the price closes below trendline support
-A drop down to 5.8k is likely to happen