Multiple things provide resistance, 200 day moving average which is always a strong sma for reversals.
Trend line from ATH.
Strong bearish Div on daily and 4 hour and 1 hour
If this was a top I still belive BTC hits 100k by EOY
If we close week Below 44k we would also close below 20 week MA and would also be a bearish sign.
while all technical point bearish Its important to remember this is big bull daddy BTC and the market cant stay irrational longer than you can stay solvent.
Anything above 46k would invalidate this
DYOR
Trend line from ATH.
Strong bearish Div on daily and 4 hour and 1 hour
If this was a top I still belive BTC hits 100k by EOY
If we close week Below 44k we would also close below 20 week MA and would also be a bearish sign.
while all technical point bearish Its important to remember this is big bull daddy BTC and the market cant stay irrational longer than you can stay solvent.
Anything above 46k would invalidate this
DYOR
Kommentera:
Invalidated