Bitcoin has been clinging to the 20-day exponential moving average (EMA) ($58,463) for the past two days. This suggests that bears are defending the 20-day EMA but the bulls have not ceded much ground. BTC/USDT daily chart. Source: TradingView The buyers are again attempting to drive the price above the 20-day EMA as of Dec. 1. If they succeed, it will indicate that the selling pressure may be reducing. The BTC/USDT pair could then rise to the 50-day simple moving average (SMA) ($60,828). Thi...