Here's a quick update on BTC daily chart. As we can see, the price broke down from the rising wedge. Also the price is currently below the 50 EMA. The 50 EMA Has worked as a very strong support throughout this bull run. We have to close above it! Otherwise we are looking for some some more downside! Last time the price went below the 50 EMA was back in October last year when the price was 10k!
The target of the downside break of the rising wedge is at 43k. The price really needs to close above 56k to stay above the 50 EMA, To avoid further downside!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
biggest dump in history coming. Trump gone world is steady all cryto are minimum 4x ! iran as a major btc holder is negotiating with U.S so in coming year we see 10k btc again. bears back
MBM_Crypto
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@thriftyTacos14850 really depends on when they stop the money printing 😂
TheKitchenTrader
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After the weekend flash crash would like to see it regain the trend line. Keeps the media out of the way. 🤪