Hello,
BTC/USDT 's MA50 and EMA50 keeps holding for long time and tested 2 times on previous bearish cycle.
Now we could see another tests from $41,5k lvl than there might be 3 scenarios ahead;
A) BTC price forms something like double bottom on MA50 or EMA50 support again and move like previous cycle.
B) BTC price can't break above the 1st high when bounce from the MA50 or EMA50 support and correction to $35k level.
C) A bigger correction than %40 and price drops below $35k level.
I think it is likely to be B. What do you think?
Thank you,
BTC/USDT 's MA50 and EMA50 keeps holding for long time and tested 2 times on previous bearish cycle.
Now we could see another tests from $41,5k lvl than there might be 3 scenarios ahead;
A) BTC price forms something like double bottom on MA50 or EMA50 support again and move like previous cycle.
B) BTC price can't break above the 1st high when bounce from the MA50 or EMA50 support and correction to $35k level.
C) A bigger correction than %40 and price drops below $35k level.
I think it is likely to be B. What do you think?
Thank you,