Bulls Ready to Push to $50K? (Weekly Bitcoin Forecast)

Bitcoin rallied to kick off the week, exploding above the $40K level before pulling back a bit, ending Tuesday’s session around $39K. This is bullish as Bitcoin is now trading back above the 50 Week EMA, giving Bitcoin a technical bullish divergence and a decisive end to the short-term downtrend.

(July 27, 2021 8:30PM EST)

Short-Term