For some it’s time to turn Bearish and start shorting and closing all their longs, for some others it’s time to start buying more BTC until we test the weekly 50 MA yellow, (or not, since we don’t usually kiss that MA).

Anyway, from here we can expect to test another lower low, eventually something between 6.8k and 7.5k but it may not happen if Bulls take control sooner than “expected”.

Weekly BTC
Categories: Analysis