So, the moon bois are on leave now.
The market has to show who is the boss here.
Nothing is superior to market and price action.
According to my analysis, Bitcoin has to claim the area of 45000-46000 (for now) to be bullish again, it has to cross and make support above 200 MA with good volume, also keep in mind that with time MA 200 line will go down along with the price so the price range will also change.
The market always doesn't crash in seconds until and unless there is a piece of big news.
So if the market has to go down it will bleed slowly respecting the S&R levels.
TA Chart for your reference.
NFA.
The market has to show who is the boss here.
Nothing is superior to market and price action.
According to my analysis, Bitcoin has to claim the area of 45000-46000 (for now) to be bullish again, it has to cross and make support above 200 MA with good volume, also keep in mind that with time MA 200 line will go down along with the price so the price range will also change.
The market always doesn't crash in seconds until and unless there is a piece of big news.
So if the market has to go down it will bleed slowly respecting the S&R levels.
TA Chart for your reference.
NFA.
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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.