$BTC TOP 20
Added 2024-08-02 12:00:29 +0000 UTCI am not seeing a lot of concern on the $BTC chart right now with this pull back but it is absolutely vital that the price can stay above the 200 Day MA at $60k or the 0.618 Fib at $59.8k.
Losing these levels and the pull back can go back down towards the $51k level.
$BTC needs to start showing its worth now and show that it is a store of value and a safe haven, Gold is hitting new ATH's this week, which means it is doing its job, $BTC needs to do the same.
The rejection at $69k is noted but we had this moving as an impulse wave and completed its 5 waves, so that is good to see.
So right now, the 200 Day MA at $60K is where the bulls need to defend.
Comments
Please share updated chart
AD
2024-08-04 18:41:24 +0000 UTC
