As Bitcoin rejects off the key area it's following the prediction path line accurately so far over 2 weeks after the initial idea was published.
The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds.
However, the overall trend switches from bullish to bearish after price falls below the 1D 200EMA & the red dotted trendline.
Personally I think the chop will continue going into the weekend without any crazy news effecting the market.
The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds.
However, the overall trend switches from bullish to bearish after price falls below the 1D 200EMA & the red dotted trendline.
Personally I think the chop will continue going into the weekend without any crazy news effecting the market.
