As shown above you can see that Bitcoin had struggled to push over the 200 EMA and got hit with some heavy resistance around $41,300
As a result I do believe we may see lower levels potentially moving down to $32,000 area
This is purely my point of view and is not financial advice, feel free to comment bellow if anyone would like to discuss this further
Peace
As this channel comes to an end it will need to make a decision as to where it wants to go. I believe we hit our bottom at 6500 and now are moving up in pursuit of new highs. Prime long position would be approximately 7650. This is not financial advice, its purely my point of view. Would love to hear peoples opinions, so feel free to comment bellow.
