BTC/USD (Must break bullish or drop -15% below)
BTC/USD
Bitcoin is still floating inside this consolidation phase where the price is just trading sideways with a flat line of resistance at 6800 areas.
The priority remains to the upside for as long the trend-line support and the 50MA on the 4H time-frame holds.
No major red flags on Bitcoin but only showing some minor weakness because the longer BTC stays on this level
the weaker it gets as the Bulls unable to break resistance the soonest possible to confirm strong upside momentum.
Bitcoin is still floating inside this consolidation phase where the price is just trading sideways with a flat line of resistance at 6800 areas.
The priority remains to the upside for as long the trend-line support and the 50MA on the 4H time-frame holds.
No major red flags on Bitcoin but only showing some minor weakness because the longer BTC stays on this level
the weaker it gets as the Bulls unable to break resistance the soonest possible to confirm strong upside momentum.
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