The price is now moving below EMA10 ($7001), which means that a daily close below this level and we will see MORE DROP.
Bitcoin 2020 Halving
The 2020 Bitcoin Halving is around the corner and we are waiting for a final drop before this event takes place.
Seeing BTCUSD being rejected at EMA50 and prices moving below EMA10 surely puts the chart closer to this place.
The is still strong but trending down.
The is on the zone but starting to curve down and almost printing a cross.
All these signals are telling us that Bitcoin can easily drop.
Conditions for change
If prices move back above EMA50 ($7149) the above signals become invalid.
Staying below EMA50 increases the chances of Bitcoin dropping and the bears gaining full control.
Where do you think Bitcoin is headed?
Share with us in the comments section below.