Bitcoin breakout to upside or downside 2022 near term
I have a resistance line in yellow that has been an important resistance for Bitcoin. We are approaching this line as Bitcoin wants to test the 200 EMA and the 210 MA that are running along this yellow trendline. I also have these yellow arches that show the almost identical point of possible intersection of this yellow trendline. We are either going to break to the upside or downside of this yellow trendline. According to Gareth Soloway, we may have more pain to the downside before we start correcting for a bull market.
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