The Next Stop for BTC: $6,001

BITTREX:BTCUSDT   Bitcoin / Tether
148 0
Not too long ago, a death cross occurred between the 50 and 200 day weighted moving average (red & blue). This is a strong bearish signal. We may see the same for the exponential and smooth moving average .

Notice the broken base at $9,025. The next key base is $6,001. I expect a bounce from here. However, it seems likely that the price will get rejected at the previous base ($9,025) during the next leg up.

I envision a long and painful correction that lasts several months.

These are my personal opinions. Please do not construe them as investment advice.
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