Bitcoin is primed and ready for some action
Updated
As you can see. Btc was shut down last time a similar structure was formed. I don't expect a 50% but I do expect a proper 30% at least. That brings us all the way down to 38. This could hold here around 40s, but the way it shot up today was too fast and it will come right back down to 40, 41k at least. Depending on how we bounce we may go lower. 43k is crucial as its the 20 week MA. We have flipped it from support to resistance so we could actually go back to bear market status IF we lose it. The golden cross is another thing i want to discuss. It is going to fail. It will death cross. Then it will re cross golden in oct or nov. This has happened many times in BTC past. I expect a bull run later this year.
Note
41 Was hit nice and clean. We bounced strange again, I think we go down to 41 at least if not break 40 this time.Note
20 week held. Full bull mode activated. I expecte 6 digits soon.
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