BTC - Decision Point - ROUND 2 ... FIGHT!
Updated
Price rejected by 'THE DANGER ZONE' that was clearly marked prior to hitting it. RSI break-down coincided with the bleed last few days.
Once again, we are saved by the 50 daily SMA and a new long-term trendline (pink) is formed. Breaking below RSI pink and 50 daily SMA would be quite disastrous for BTC.
Bullish news:
CME bears cut shorts last weekend
Japan launching crypto funds
Kodak pump and dump crypto offering (LOL!!!)
Bearish news:
SEC rejected crypto ETF
Warren Buffet (All-time heavy weight champion, Oracle of Omaha) is talking trash about crypto
Argentina declares crypto illegal
Bank of Israel rejecting BTC as legal tender
XRP Ripple close to overtaking BTC market cap (will happen if XRP triples in price this year - which is possible all things considered).
Bonus news:
Ignore all news - chart tells all.
Once again, we are saved by the 50 daily SMA and a new long-term trendline (pink) is formed. Breaking below RSI pink and 50 daily SMA would be quite disastrous for BTC.
Bullish news:
CME bears cut shorts last weekend
Japan launching crypto funds
Kodak pump and dump crypto offering (LOL!!!)
Bearish news:
SEC rejected crypto ETF
Warren Buffet (All-time heavy weight champion, Oracle of Omaha) is talking trash about crypto
Argentina declares crypto illegal
Bank of Israel rejecting BTC as legal tender
XRP Ripple close to overtaking BTC market cap (will happen if XRP triples in price this year - which is possible all things considered).
Bonus news:
Ignore all news - chart tells all.
Note
LOLOLOL - bears won that round pretty decisively. Redemption in round 3?
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