Bitcoin at critical juncture
The US markets overall are correcting currently, primarily due to concerns over the slow job market...
Biticoin has shown incredible strength from last fall through this spring, and its been in a consolidation pattern ever since...
Typically on strong-trending assets, the first few consolidation patterns precede new uptrends.
The big question right now is will BTC give in to the overall trend of the markets right now, and melt through this 200 MA?
Or will this 200 hold around here and send BTC into a new strong trend. Super key area here...
Biticoin has shown incredible strength from last fall through this spring, and its been in a consolidation pattern ever since...
Typically on strong-trending assets, the first few consolidation patterns precede new uptrends.
The big question right now is will BTC give in to the overall trend of the markets right now, and melt through this 200 MA?
Or will this 200 hold around here and send BTC into a new strong trend. Super key area here...
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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.
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.