Bitcoin Could Sweep $75-78K Before Rallying Toward $92K

Bitcoin has been pretty quiet over the past few days, and I know that kind of market can feel frustrating. But there are still a few levels I’m watching closely. On the daily chart, we’ve lost the 50-day EMA. On the weekly chart, though, we’re still holding the 50-week EMA. That’s an important difference, and it’s why I haven’t changed my overall bullish view . I do think we could see another dip first. Looking at the daily chart, Bitcoin is trading around $80,000 and has slipped below the 50-day EMA. For me, that opens the door to another move down toward $77,000. We could even see a quick sweep into the $75,000 area, or briefly below it, to take liquidity before a rebound.

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