Bitcoin Turned Bullish After Testing Its 25-day EMA

We previously noted that Bitcoin's trend turned bullish after it tested its 25-day Exponential Moving Average (EMA) as a significant support level (the green line).
The current triangular pattern suggests that if Bitcoin's price breaks above the top line of this pattern, it is likely to continue rising to even higher levels.

This analysis is for informational purposes only and should not be considered as financial advice.