BTC Why I'm not yet convinced we'll hold 12K

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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BTC has broken the psychological barrier of $12.000. Last time we saw this was back in august of this year. Last time we were able to stay above $12K for more than two days was all the way back in 2018. This could prove to be memorable.

However, I'm not 100% convinced we will see BTC above 12K for a long time and I'll tell you why.

- Break 50 MA
- Run up towards 12K in august
- Clean break through
- Immediate break below the next day

- Break 50 MA
- Run up towards 12K
- Clean break through

Big difference: in august the MACD histogram was bearish , indicating a downward trend. Today the MACD histogram is bullish .

If we are able to close above 12K for two following days, I'll be super bullish .


yep need to hold this level first
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