$BTC TOP 20
Added 2023-06-20 00:45:07 +0000 UTCDownward trend is still clear here while we have made a lower low and have not made a higher high yet, the price action is just at the 50 Day MA now, so this is important. Will this act as a resistance level as it has since the start of May, it looks to be doing its job so far.
We need to mention that it has held the 0.38 Fib level very well however and only slightly dropped below our blue line before recapturing it quickly, so buyers are there but have not fully stepped in yet.
A flip of the 50 Day MA to support will certainly show the intention of the Bulls.
For now, the chart remains the same and the 200 Day MA is still just above the 0.5 Fib and is drifting higher.
