Bitcoin was looking very bullish because of the goldencross a few days back. But now it is about to form a deathcross because of the redline (50ma 4h) crossing the greenline (200ma 4h) from above, wich is a bearish pattern.
The 100D MA is the first support to look for because we held that previously. If we break through that support you want to look for the 128D MA wich is also the 20W MA.
The 100D MA is the first support to look for because we held that previously. If we break through that support you want to look for the 128D MA wich is also the 20W MA.
Comment:
We didn’t cross it was close
Comment:
We have crossed, broke through the 100d and now holding the 128d like expected. A lot of people are buying at this level. But you never know for sure if it will hold.
Bearish scenario; We drop below the 50k to around 45k
Bullish scenario: We hodl the line and bounce from here to new ATH’s in the future
Bearish scenario; We drop below the 50k to around 45k
Bullish scenario: We hodl the line and bounce from here to new ATH’s in the future
