Bitcoin is consolidating and seems like we saw something similar back in June of this year.
However, it will be tough to play this one out, because we are below the 200-Day MA. 200-Day MA is key for the bullish case. Until we reclaim it, things are looking bearish from the TA perspective. Note that NEVER in a Bull market we spent so much time below the 200-Day MA.
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However, it will be tough to play this one out, because we are below the 200-Day MA. 200-Day MA is key for the bullish case. Until we reclaim it, things are looking bearish from the TA perspective. Note that NEVER in a Bull market we spent so much time below the 200-Day MA.
Give us your opinion on this fractal in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
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