YMI

BTC Analysis

YMI Updated   
BITFINEX:BTCUSD   Bitcoin
My current thoughts on BTC is that we are retesting $8800 resistance as well with the 200 EMA(red) and 50 EMA(green) which will act as additional resistance. Following the retest I am expecting a push lower to the $7800 region. With a final move down to $6500 before entering the bull run early June. Just my thoughts, always open to hearing opposing views
Comment:
Although several times wicking above the $8800 region. I still see a short term bearish bias for BTC. Im watching fro the $7800 level to be met within days.

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