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Bitcoin about to re-rest 200 Week EMA / lower band @ 22.5k$
Dear financial freedom seekers,
Bitcoin is about to re-test the 200 Week EMA. Let's hope it holds, so that we don't see the kiss of the death breaking the 200 Week EMA.
I see it as a possible scenario that Bitcoin comes back to the lower band and tests the 22,500$ level and keeps it's bullish trajectory within the upwards channel.
The RSI is pointing downwards and indicating weaker prices for the next few weeks while the MACD signaled a bearish crossover which shows confluence.
Expect that Altcoins also come back and I personally expect (no financial advice) that July 2023 will give us perfect entries to accumulate for the last time before BItcoin starts moving again upwards.
Stay tuned and happy trading
Ned aka SkyLion
Bitcoin is about to re-test the 200 Week EMA. Let's hope it holds, so that we don't see the kiss of the death breaking the 200 Week EMA.
I see it as a possible scenario that Bitcoin comes back to the lower band and tests the 22,500$ level and keeps it's bullish trajectory within the upwards channel.
The RSI is pointing downwards and indicating weaker prices for the next few weeks while the MACD signaled a bearish crossover which shows confluence.
Expect that Altcoins also come back and I personally expect (no financial advice) that July 2023 will give us perfect entries to accumulate for the last time before BItcoin starts moving again upwards.
Stay tuned and happy trading
Ned aka SkyLion
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