Hey! Bitcoin is trading over $55,000, but market participants are concerned about a collapse of the 54-52k-ish zone.
The Daily Moving Average 100 is exactly around 53600, making this level zone extremely important for bulls to attain new ATHs this year or in the first quarter of 2022.
My advice is to remain cautious during this time. Place bitcoin trades on hold while you wait for the movement to be determined.
Personally, I am a bull, but if circumstances change, I will have to reduce my crypto exposure by a few percent.
Best regards
Artem Shevelev
The Daily Moving Average 100 is exactly around 53600, making this level zone extremely important for bulls to attain new ATHs this year or in the first quarter of 2022.
My advice is to remain cautious during this time. Place bitcoin trades on hold while you wait for the movement to be determined.
Personally, I am a bull, but if circumstances change, I will have to reduce my crypto exposure by a few percent.
Best regards
Artem Shevelev
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