Bitcoin

Long term BTC

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BTC currently stuck below the 200 EMA and December '17's peak. RSI bearish crossover could suggest a revisit of the local bottom at ~17k. Failure to hold that level and 14k is the next key level which coincides with the same drawdown as last bear market of ~80% over a full year of retracement.

This kind of price action would suggest dropping much further down than the 200EMA which has always been historic support. A lot of bitcoins future is in the hands of traditional indices.

Not financial advice

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