Hi guys,
MA200 is the strongest support line of Bitcoin and has been in the past years.
If today's candle closes below MA200, it is a sign that we might go lower and fall into a bear market.
But if the candle closes above MA200 (ignore the wick) we may bounce back soon to a bull market and a great opportunity to buy more.
The RSI and MACD are pretty low, so a reverse trend should happen but crypto is always full of surprises.
Today is Judgment day, Bulls & Bears are fighting for a decisive future.
Trade carefully!
MA200 is the strongest support line of Bitcoin and has been in the past years.
If today's candle closes below MA200, it is a sign that we might go lower and fall into a bear market.
But if the candle closes above MA200 (ignore the wick) we may bounce back soon to a bull market and a great opportunity to buy more.
The RSI and MACD are pretty low, so a reverse trend should happen but crypto is always full of surprises.
Today is Judgment day, Bulls & Bears are fighting for a decisive future.
Trade carefully!