BTC Bitcoin, the leader of the crypto market, is currently at a crucial point. I look at the 8/34 EMA cross, and luckily BTC is holding above the 34 EMA. This is also resting right at the middle of the volume distribution, so it is definitely an area of interest between bulls and bears. If BTC breaks below the middle of this distribution, around 43,200, I would expect it to drop to the bottom of the volume shelf, which is around 41,000 - 40,000. If you haven't tried hedging or leveraging your long term crypto portfolio, you can try it out here! There is a paper account option as well!
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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.