BTC Dead Cat Bounce?
As previously mentioned, if we break below 47K we would head back down to the 200 daily moving average.
We fell below the daily 200 MA and bounced off a previous TD support line, at approx. 38.500.
This could just be a dead cat bounce on the way down to lower lows.
I'm hoping we can actually bounce off this support and head back above the 128 daily MA around 50K.
This would give more confidence in the market to continue to bullish trend.
We fell below the daily 200 MA and bounced off a previous TD support line, at approx. 38.500.
This could just be a dead cat bounce on the way down to lower lows.
I'm hoping we can actually bounce off this support and head back above the 128 daily MA around 50K.
This would give more confidence in the market to continue to bullish trend.
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