Bitcoin is after some really strong action, but this is just a healthy correction taking place.
Yes, we see Bitcoin going lower since the 22nd of February but the trading is low and we continue mid and long-term.
We are likely to see prices bounce to ~$50,000+ when EMA50 (~$40000/$41500) is hit.
Then we can have another leg before the Bitcoin price can continue to increase.
At EMA100 we can fully reverse, what's your take?
Remember you can leave a comment if you have any questions or anything to share.
This is Alan Masters.
Thanks a lot for reading.