Blitzen3000

BTC Weekly Chart Analysis - Bear and Bull Scenario

POLONIEX:BTCUSDT   Bitcoin / Tether USD

BTC is currently holding on its 20 WK EMA.

Which is the critical trading zone.

If BTC should stay above this level it must break
the upper limit of this range
so we can enter the somehow get a spark
of the next huge bull run


BTC should bounce at this level ( wicked out )

To maintain is bullish outlook.
Closing below this level will cause shake out.
And might turn a bearish sentiments.


RSI should and must hold above 50.

Critical indicator of bull run if we stay above 50.

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