Bitcoin nearing decision point
Bitcoin price action shows a symmetrical triangle playing out as supply and demand is evenly matched.
Investors seek confirmation of a bullish reversal or bearish continuation over the near term.
If price breaks to the downside we expect to test the 100 EMA south of 50k before rallying for new ATHs.
There were multiple corrections in the 2017 bull run before a top was reached.
Bitcoin's current setup suggests we could see a correction before resuming the bull run to 100k+
Investors seek confirmation of a bullish reversal or bearish continuation over the near term.
If price breaks to the downside we expect to test the 100 EMA south of 50k before rallying for new ATHs.
There were multiple corrections in the 2017 bull run before a top was reached.
Bitcoin's current setup suggests we could see a correction before resuming the bull run to 100k+
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