BTC is in a critical spot right now. we are near the 200EMA on the Daily timeframe. We could break to the upside.
But the most likely scenario IMO is that we make a small bullish fakeout to trap everybody and then nuke it down. (Shown as the red line.)
Given the Economic situation I think that the 2nd scenario is much more likely. The printer stopped doing brrrrrr :).
Will update after we see a more clear trend.
But the most likely scenario IMO is that we make a small bullish fakeout to trap everybody and then nuke it down. (Shown as the red line.)
Given the Economic situation I think that the 2nd scenario is much more likely. The printer stopped doing brrrrrr :).
Will update after we see a more clear trend.