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BTC still bullish
Despite the scary sell off of circa 15% since last Friday's intraday high to this morning's capitulation low, the immediate term outlook for Bitcoin is still bullish.
Daily RSI is still gaining support each time at 40 (typical of bullish set ups) and price is now back to nearly regaining the 10 day MA which is above the 50 which is in turn above the 200 DMA.
From an EW perspective this can still be a wave 4 formation and upside of 130k + possible in coming weeks.
Daily RSI is still gaining support each time at 40 (typical of bullish set ups) and price is now back to nearly regaining the 10 day MA which is above the 50 which is in turn above the 200 DMA.
From an EW perspective this can still be a wave 4 formation and upside of 130k + possible in coming weeks.
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