"Bitcoin Breaks Through 50-Day EMA... Possibility of $120,000 Increases"

Son Min

Summary

It was reported that Bitcoin (BTC) broke through the 50-day Exponential Moving Average (EMA).
It was stated that historically, after surpassing the 50-day EMA and quickly recovering, Bitcoin tends to surge by about 10%~20%.
It was analyzed that in the short term, Bitcoin could reach as high as $120,000.

Bitcoin (BTC) has broken through the 50-day Exponential Moving Average (EMA), and there is analysis suggesting it could rise to as much as $120,000 in the short term.

On the 25th (local time), CryptoQuant contributor İbrahim COŞAR stated in a report, "Bitcoin has once again successfully broken through the 50-day Exponential Moving Average (EMA)," adding, "Historically, when Bitcoin quickly recovers after falling below the 50-day EMA, it tends to surge by about 10%~20%."

He continued, "Over the past three days, Bitcoin has shown strong performance above the 50-day EMA," and analyzed, "In the short term, it can reach up to $120,000."

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