So close, but so far away.
BTC held the 50DMA as support today but failed to break above the EMA9.
I suspect ₿itcoin now makes it way back down for the long awaited retest of the 200DMA ~$95k as I’ve been stating since the death cross.
If BTC can reclaim the EMA9 to close the week there may be a shot to continue the bullish uptrend, otherwise this correction will take a few weeks to play out.
BTC held the 50DMA as support today but failed to break above the EMA9.
I suspect ₿itcoin now makes it way back down for the long awaited retest of the 200DMA ~$95k as I’ve been stating since the death cross. If BTC can reclaim the EMA9 to close the week there may be a shot to continue the bullish uptrend, otherwise this correction will take a few weeks to play out.
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Related publications
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.