Everyone is probably sick to the gills with seeing this chart now and the commentary so I believe everyone is familiar with where $BTC is right now.
Most importantly I am seeing the price action getting squeezed between the 50 and 200 Day MA right now.....and as we know when this happens, a direction must be taken and usually it is aggressive
Bulls want this to break higher to $69k and value hunters want a break down to $51k or lower to get more cheaper Bitcoin
Both are good scenarios.
Lars Henning
2024-10-14 14:33:18 +0000 UTC