In the weekly view, the MA50/200 moving averages are bullish. The MA200 retest is about to be completed. For the MA50 to cross, #BTC needs to drop to 38K and below, so let's say the bear season has arrived. The GAP in the CME chart coincides with the Fibonacci intermediate resistance zone. I am still optimistic. Incredible prices could be seen in Bitcoin by the end of this process.
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Happy Sunday, friends 🙋♂️
#Bitcoin still looks technically positive.
In the weekly view, the MA50/200 moving averages are bullish. The MA200 retest is about to be completed. For the MA50 to cross, #BTC needs to drop to 38K and below, so let's say the bear season has arrived.
The GAP in the CME chart coincides with the Fibonacci intermediate resistance zone. I am still optimistic. Incredible prices could be seen in Bitcoin by the end of this process.