Re-testing of weekly EMA 21: The priceline of Bitcoin was re-testing the weekly EMA 21 after Sep 2020, the previous weekly candlesticks is closed above the EMA 21 but now the current week’s candlesticks is moving below this weekly exponential moving average . But we still have 3 days left if the price action moves above this EMA and this week also closes above this moving average then Bitcoin can continue its rally. The EMA 21 weekly is at $45820 at the moment. In the previous bull run, we had several re-tests on this weekly exponential moving average 21. 2017 bull run: 2013 bull run: Important support zone: We have a very important support zone from $40K to $30K. The $40K level has been working as resistance and $30K has been working as a support during the current bull run. After the recent drop the price action broke down the $40K level and reached the $30K support, this level again worked as strong support and the price action has been bounced to $40K back.
