Sunday update for Bitcoin! Am I still pessimistic?đąđą
$BTC
Sunday update for Bitcoin!
Bitcoin is trading below 100K, and I'm still pessimistic. The 50 EMA weekly exponential moving average, which Bitcoin has frequently used as a key support throughout the entire cycle, has now been broken. If Bitcoin closes below this level by the end of Sunday, it will confirm that the momentum is still downward and opens the way for a CME gap between 92K and 90K and potential lower targets.
Sunday update for Bitcoin!
Bitcoin is trading below 100K, and I'm still pessimistic. The 50 EMA weekly exponential moving average, which Bitcoin has frequently used as a key support throughout the entire cycle, has now been broken. If Bitcoin closes below this level by the end of Sunday, it will confirm that the momentum is still downward and opens the way for a CME gap between 92K and 90K and potential lower targets.
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