BTC is currently trading below the 50 EMA, 100 EMA, and 200 EMA in the 4-hour chart.
This is not ideal for the price action, and $93k has now become a strong resistance level.
The pattern appears to be setting up for a breakout soon. While it won’t be easy, it’s entirely possible we break to the upside.
If there’s a break below, we could see a dip to $73k.
Do I think the bear market has already started? Definitely not!
I’ll keep you updated, so follow and share this chart with your friends.
Thank you!
#PEACE
This is not ideal for the price action, and $93k has now become a strong resistance level.
The pattern appears to be setting up for a breakout soon. While it won’t be easy, it’s entirely possible we break to the upside.
If there’s a break below, we could see a dip to $73k.
Do I think the bear market has already started? Definitely not!
I’ll keep you updated, so follow and share this chart with your friends.
Thank you!
#PEACE
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Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
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Disclaimer
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Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/Trademexc
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/Trademexc
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
Disclaimer
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.