Bitcoin Bears Brace For The 50-Month MA Retest, Is A Rug Pull Imminent?

Over the last 24 hours, Bitcoin (BTC), the largest cryptocurrency in the market by capitalization, has again failed to consolidate above the $27,000 level. This key resistance was lost at the beginning of the downtrend on May 8th and has not been breached. Additionally, the upper resistance level placed at $27,500 has also proven to be a challenge for BTC, as it has been unable to surpass it.
According to the crypto analysis firm Material Indicators, the crypto market continues to be stimulated