As we notice the price was rejected by the MA200 (on daily time frame).
We could see that similar scenario previously.
We had the ATH and afterwards we stared to test the MA200.
After the ATH we went below the MA200 and test it from the bottom to get just another time below it. We saw afterwards 2 rejections that meant the down-trend for Bitcoin.
As we se this time the price after the local ATH behaved similarly.
-the price went below the MA200
- got above it and tested from the bootom to get rejected.
Is it confirmation that bears have taken control or we'll see another test soon ?
We could see that similar scenario previously.
We had the ATH and afterwards we stared to test the MA200.
After the ATH we went below the MA200 and test it from the bottom to get just another time below it. We saw afterwards 2 rejections that meant the down-trend for Bitcoin.
As we se this time the price after the local ATH behaved similarly.
-the price went below the MA200
- got above it and tested from the bootom to get rejected.
Is it confirmation that bears have taken control or we'll see another test soon ?