As Bitcoin recovered in late July it managed to conquer (break and close) above EMA100, this is strong resistance every time.
As a strong level is conquered, it needs to be tested as support before the initial move can continue.
If BTCUSD can stay above $45900 (MA200), we can expect higher prices next... But if it fails to hold up, we are definitely going lower and this time not just $43,000 but maybe even $38,200 lets watch out.
This is not financial advice just my analysis
As a strong level is conquered, it needs to be tested as support before the initial move can continue.
If BTCUSD can stay above $45900 (MA200), we can expect higher prices next... But if it fails to hold up, we are definitely going lower and this time not just $43,000 but maybe even $38,200 lets watch out.
This is not financial advice just my analysis