Bitcoin has a date with 200 DMA
Hi guys! Based on my previous analysis Bitcoin has reached critical resistance point.
Bulls have still power but we need to wait what is gonna to happen now. Breaking 200 DMA will move price of BTC to 9500 hard resistance (mirror level) - I would say to the line between bull and bear market. As I mentioned
before If it stays above 9500, we will never go back below previous years lows. If Bitcoin failed to break 200 DMA, bear market could continue..
Take care!
-DP-
Bulls have still power but we need to wait what is gonna to happen now. Breaking 200 DMA will move price of BTC to 9500 hard resistance (mirror level) - I would say to the line between bull and bear market. As I mentioned
before If it stays above 9500, we will never go back below previous years lows. If Bitcoin failed to break 200 DMA, bear market could continue..
Take care!
-DP-
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