BTC has broken down, again, this time from the triangle it had formed in the past day. It is important to note however that the 4 hour 200 SMA is holding strong around $7500 (Bitstamp) and has held since February if you can believe it, from $3600. So with this data we can watch BTC to either remain above the 200 and mount a relief rally.....or break the 200 and we go DOWN to at least 7k in my opinion.
All the best to everyone- DYOR.
All the best to everyone- DYOR.
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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.