Very important we break out of this descent as if we reject from here we are most likely going to see a harsh rejection, we do have the 35k USD level to support the uptrend but it doesn't hold much weight.
A break of the 35k USD level could see bitcoin swiftly moving down to test the 30k USD level again so let's hope we smash out of this descending channel today.
Realistically I'm slightly bearish with BTC in the immediate short term until we can break back above the 200 EMA on a daily as historically whenever we break below this EMA it's a bear market.
A break of the 35k USD level could see bitcoin swiftly moving down to test the 30k USD level again so let's hope we smash out of this descending channel today.
Realistically I'm slightly bearish with BTC in the immediate short term until we can break back above the 200 EMA on a daily as historically whenever we break below this EMA it's a bear market.