The weekly picture for Bitcoin is looking heavy. After losing the W21 EMA , price briefly caught a bid at the W50 EMA but was promptly rejected on the retest of the W21. The subsequent breakdown was swift, now finding a temporary floor at the Monthly21/W100 EMA.
The W21 EMA has officially now flipped from support to key resistance, and any bounce will likely be sold into until that level is recaptured by the end of the Bear Market
Are we looking at a consolidation here before another leg down to the W200 SMA?
Or Bulls are looking for an abrupt pump back to the W21 ema??!
Let me know what you think down Below!
The W21 EMA has officially now flipped from support to key resistance, and any bounce will likely be sold into until that level is recaptured by the end of the Bear Market
Are we looking at a consolidation here before another leg down to the W200 SMA?
Or Bulls are looking for an abrupt pump back to the W21 ema??!
Let me know what you think down Below!
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