Bitcoin Bearish Fractal Jun 2014
The most unwanted outcome for Bitcoin's price action in the next few weeks would be similar to what happened in June 2014. The price managed to get back above the 200-day SMA twice, but eventually fell below it again, starting a bear market in 2014. I’ll be closely monitoring the 200-day SMA line in the coming weeks. Bitcoin should not close below it again!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.