There is no macro narrative nor equity flows to support any story of 
BTC bouncing back north. It will hit the next support levels at 100week and 200week SMA, which also correspond to the bottom of this bullish long term channel.
There needs to be a positive macro narrative to facilitate the volumes needed to make the price movement trend north but I see indication of that in US or European markets for the foreseeable future.
BTC bouncing back north. It will hit the next support levels at 100week and 200week SMA, which also correspond to the bottom of this bullish long term channel. There needs to be a positive macro narrative to facilitate the volumes needed to make the price movement trend north but I see indication of that in US or European markets for the foreseeable future.
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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.