$BTC / $USD Testing 50MA - #TraderSnek

Bitcoin seems to be testing the 50MA as support.

Last time this happened successfully was OCT 3rd, 2021.

Price went from 47.5k to ATH.

Lose 50MA, hope for a bounce at 40-42k.

Gets ugly if we get some daily closes beneath 50MA (see NOV 18th, 2021 & MAY 13th, 2021).