$BTC TOP 20
Added 2024-08-23 09:00:40 +0000 UTC$BTC has tested the 50 Day MA again today as we wait for Powell to make an announcement
If the market takes this information as positive then $BTC can burst through this resistance level and can make a run up to the $69,100 level
The pull back has already come down to the 0.5 Fib at $56,100, so that is sufficient now for a higher low.
If the market does not like what they hear from Powell today, then I expect a full rejection at the 50 Day MA and the price drops down to the $51k level again I suspect.
Either way, I expect a direction will be taken today.
