BTC at a very cirtical point
The top trend line is providing strong resistance and the 50 week EMA has crossed below the 200 week EMA. That alone signifies a downtrend. The price action is trading in a narrow range indicating a pending move in either direction. I feel like it's going to break to the downside, but only time will tell.
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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.