Bitcoin Price Forecast: BTC remains in a strong bullish rally according to history

The most recent Bitcoin fall was around 20%, but the digital asset only managed to briefly touch the 12-EMA and bounced back up. The 26-EMA is currently located at $41,400 which is still 24% away from the current price.
As long as BTC holds the 26-EMA, the rally should remain stable but there is still a lot of room for the bears to push the flagship cryptocurrency further down.
The next potential bearish price target would be the area between $48,513 and $50,217. The digital asset continues trading above two robust support levels on the weekly chart.