Dollar rages on while Bitcoin has battle for the ages. ⚔️🐻🎯🐂
Updated
Bitcoin Bears are currently in an intense battle with the Bulls.
Non stop action fighting to drag Bitcoin price below 19.3k and push price back above 19.3k.
This weekly candle close Sunday could be a massive deciding factor in where Bitcoin goes next.
Also, worth noting that Bitcoin has never closes a weekly candle below the 280MA, we have only tagged it.
Bitcoin has never had a 21MA and 200MA cross on the weekly chart and they are 1.2% away from crossing.
With a close below 19.3 the Bears have total control. Close above 19.3 and Bulls remain in control but they need to get price back above 24.3 to take total control.
Do you think Bitcoin will put in a lower lower or have a final capitulation or is the true bottom in and we are simply forming structure? 🤔
Non stop action fighting to drag Bitcoin price below 19.3k and push price back above 19.3k.
This weekly candle close Sunday could be a massive deciding factor in where Bitcoin goes next.
Also, worth noting that Bitcoin has never closes a weekly candle below the 280MA, we have only tagged it.
Bitcoin has never had a 21MA and 200MA cross on the weekly chart and they are 1.2% away from crossing.
With a close below 19.3 the Bears have total control. Close above 19.3 and Bulls remain in control but they need to get price back above 24.3 to take total control.
Do you think Bitcoin will put in a lower lower or have a final capitulation or is the true bottom in and we are simply forming structure? 🤔
Note
Bears are now in total control and no one can deny this. Next to go is the 280MA then a new low.
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