Bitcoin Bulls make a stand at the 21W EMA in the face of adversity
Will the 12 May 2021 be:
Historically the 21 Week EMA has provided excellent buying opportunities for Bitcoin and this is the first tap of it since September 2020
Will the 12 May 2021 be:
- the day that Vitalik Buterin and Elon Musk "Rugged" the crypto world by donating Billions of $ of meme SHIB tokens to India for COVID crisis and declaring Bitcoin too energy inefficient for an electric car company to endorse.
- the day that even though fear was intense the bulls remained in control at the 21 Week Exponential Moving Average and the Feb range low of $45K
Historically the 21 Week EMA has provided excellent buying opportunities for Bitcoin and this is the first tap of it since September 2020