BTC has failed to hold all three major support at the SMA(20), SMA(50), SMA(200), so a conservative approach is warranted.
BTC could still hold the 20-week moving average, but if that breaks to the downside, there isn't support until around $37,500.
Be cautious.
BTC could still hold the 20-week moving average, but if that breaks to the downside, there isn't support until around $37,500.
Be cautious.