Bitcoin appears to have printed a double bottom (bullish) on the daily, yet the price remains below the 200 MA. The trend of the 50 MA and the 200 MA are moving together. If the trend continues in this direction, We will be at a crossroads. The 50 MA could drop below the 200 MA, and print a death cross by mid to late June (bearish). Will this signal another crypto winter? Who knows? Some news could accelerate this and other news could reverse this?
The double bottom looks bullish and the death cross potential looks bearish. I love my fickle bitcoin.
This is not buy/sell advice; just a picture along a timeline with some notes. Please hit the like button it gives me positive affirmation.
The double bottom looks bullish and the death cross potential looks bearish. I love my fickle bitcoin.
This is not buy/sell advice; just a picture along a timeline with some notes. Please hit the like button it gives me positive affirmation.
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