$BTC TOP 20
Added 2024-07-10 11:49:34 +0000 UTCBitcoin raised its head above the 200 Day MA earlier on today but quickly fell back down under the $58,800 level, that does not mean that it can not make another attempt to try and convert this level again.....we do have a higher high and a higher low in now.
The flush down to $53k on Friday also meant that Wave C made a low below Wave A, so this pull back could be technically complete now. It is shallow as it did not touch the 0.38 Fib but I can see 3 waves in this pull back so far.
Let's see how the price handles the 200 Day MA, flipping it back to support will encourage the bulls and then they will need to capitalise on this momentum, failure to stay above the 200 Day MA and a lower low is likely next, at least to $51k.
