Bitcoin Moves Below EMA50 | Weekly Timeframe
Updated
The weekly candle for Bitcoin (BTCUSD) closes in less than 1 hour and prices are starting to move below EMA50... This can lead to an additional drop.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100.
The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...
Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?
What's your take?
Share in the comments below...
Namaste.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100.
The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...
Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?
What's your take?
Share in the comments below...
Namaste.
Note
-🅱️ Bitcoin Monthly | Before (5K) & After Halving (
31K) 2020 
Here you can find the LONG-TERM path for Bitcoin and how it reaches $20,000 after the 2020 halving event... It can even go higher and hit a new ATH over $48,000... More details on the chart!
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.