The 24 Sidereal month EMA provided solid support prior to the capitulation to the $3150 level. Now the same EMA is providing resistance. The bitcoin Bear market is unlikely to end in a single wave above $6000. As in the last bear market the price is likely to drift back down to prior resistance in the low $4000s or even possibly back to support on the 72 Sidereal month EMA which by then should be elevated to the $3500 region.
