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Bitcoin bulls and bears were locked in a tussle for control. Meanwhile, you can now post NFTs on your favorite app. Let's take a look at what happened Last Week in Crypto:

Bulls and Bears at an Impasse: Where's BTC Going Next?

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All of last week, BTC traded near the 20-day EMA, indicating that the bulls and bears are locked in an intense battle that could end with a significant move in either direction. The bulls seem to have the upper hand, for now the 20-day EMA coupled with the rising trendline has acted as able support.

There seems to be a lack of demand at higher levels and with the RSI close to its midpoint, the moving averages flattening out, and volumes settling down, it's clear that we have reached an impasse. If the bulls manage to push BTC above $24,600 in coming sessions, we could be in for a run to $27,000-$28,000.

If the bears manage to push the price below the 20-day EMA, we could see a drop to $21,545 i.e. the 50DMA. A breakdown below that level could spell trouble in the short to medium term.

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