It looks as if BTC could make it this time, however there are still mixed signals.
Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line.
Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again.
I have to admit that I am undecided right now.
I will just wait and see if BTC makes it through the MA200, if yes, I am getting more bullish again short and mid-term (longterm I am as always ultra bullish hehe).
Daily has been overbought for a while now, like the last two tops, when BTC price hit exactly the MA200 line.
Shorts are coming down fast, longs rising, so if BTC doesn't break through fast enough, it could go down again.
I have to admit that I am undecided right now.
I will just wait and see if BTC makes it through the MA200, if yes, I am getting more bullish again short and mid-term (longterm I am as always ultra bullish hehe).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.