BITCOIN - HOLD THE LINE OR DIE
Actualizado
Bitcoin is at a crucial point at which it needs to bounce in order to remain bullish. As indicated by the red circles, once all upper moving averages 200D MA, 20W MA, 21W EMA and 50W MA are lost by price; it has been lead by a massive downside, and bear market until the 4Y moving average, or 1460D MA, was reached as a bottom.
We better get praying here boys, even though open interest is already rekt and a downfall like this seems unlikely, any fundamental news could send us cascading down.
We better get praying here boys, even though open interest is already rekt and a downfall like this seems unlikely, any fundamental news could send us cascading down.
Nota
CME Gaps at ~33k and ~28k too. We'll have to see if we can close the week above the 200D MA and 50W MA. Otherwise we likely see more massive downside.
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