Bitcoin has a make a big decision in the coming weeks!
Bitcoin is about to come in contact with the 21 Week MA (blue top line + yellow dotted line projected direction) which historically, we have not been able to stay above during this bear market. Since the crash in January, we have only been above the 21 Week MA 3 times and never for more than a week. In addition, if you extend out the top line of the meme triangle, it is almost exactly in line with the 21 week MA. Add to the fact that it is converging with the 200 Week MA (red bottom line + projected direction) in less than a month and bitcoin is going to need to decide which way it's heading asap.
If we do cross the 21 week MA and stay above it for more than a week than I will be happily wrong and switch from bearish to bullish.
What do you think: Get above the 21 Week MA and stay there OR break the 200 Week MA?
If we do cross the 21 week MA and stay above it for more than a week than I will be happily wrong and switch from bearish to bullish.
What do you think: Get above the 21 Week MA and stay there OR break the 200 Week MA?
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