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FermiParadox

BTC testing 36K stronghold resistance - setback to 30K expected

Bitcoin (BITSTAMP:BTCUSD)  
FermiParadox Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis
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trendanalysis
If BTC price action will leave the stronghold resistance of 36K USD behind in the days to come, the days for cheaper buy-ins will be over. However, I do not expect that to happen. I rather expect the 36K stronghold resistance will strike this time and BTC price action will be reflected back down to the 31K level. There will be a reasonable level to take further long positions, as the 31K level ist still within the channel of long-term growth.
Comment:
see the considerable bearish divergence in the hourly timeframe. I suppose we are in a situation pretty similar to June/July 2019 rather than at the beginning of a new bullish frenzy as in Nov. 2020. To support this opinion, compare the 50 & 200 SMA in the daily timeframe.
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