The BTC long momentum play is over for now. We not only closed below the 52 week EMA, but back tested it from below. The next mid term support should form somewhere between 4500 and 5500 where the 200 MA stands. The consolidation is just going to be a lot longer and deeper the most people think.
1 Question: Are we in a bull market in BTC?: The answer is simply yes.
2 Question: What are the current price levels to watch in this bull run?: As long as we are closing above the 52 week EMA we are still in a bull run no mater what the price does in the meantime. The next critical resistance level to watch is the 14k resistance that we got rejected from and the...