Bitcoin is facing a pivotal moment as the end of this week’s trading session approaches. The market’s direction will likely depend on whether Bitcoin can confirm its current recovery or if it could signal the start of a deeper correction phase. Expert analysis from respected market analyst EGRAG Crypto sheds light on historical patterns that may provide insights into where the world’s leading cryptocurrency is heading next. 📊 #BTC, in recent weeks, has shown some signs of resilience following a drop below its key moving average twice. A similar pattern to past cycles unfolded in 2021 when Bitcoin initially dipped below the same moving average line but quickly recovered before falling into a prolonged bear market. EGRAG Crypto highlights this cycle as a potential predictor for the current trajectory. 📈 📉 🧐, they are currently studying various technical indicators like RSI and MACD to validate their analysis. 🔍 The outcome of this week’s candle will be crucial in setting the tone for Bitcoin’s near-term performance. A strong bullish close above the moving average would significantly boost market sentiment and suggest a parabolic rally toward $150,000, while a weak or bearish close could signal waning momentum and open the door to further downside risk. 📈📉. The current price action of Bitcoin also reflects the ongoing uncertainty in the broader cryptocurrency landscape. On one hand, institutional adoption is on the rise as spot Bitcoin ETFs are launched in major markets like the U.S. and Hong Kong, leading to bullish sentiment, but concerns about inflation and potential policy shifts from the Federal Reserve continue to keep the market on edge. 💸🤔 #Bitcoin