is at an historical low level and within the last week and a half, flattening out. A sufficient turn up in price will create a buy signal at the crossover.
Look for a pickup in to provide the push up.
With this new sign of developing support, The Panic Zone has moved to the bottom layer. A move down into the Panic Zone without breaking the long term trend will be truly ominous to weak buyers. A Panic Zone sell-off will create the buying opportunity of a life time starting at the $135 level.
Near term weekly chart buying opportunities are developing in both directions. Keep your powder dry and fire when you see the whites of their eyes.
BTC is now entering the long term decision point referenced in the previous analysis.