Bitcoin / TetherUSUpdated Bitcoin Medium Term Analysis
Bitcoin is showing bearish momentum by continually trading below the 200DMA and not getting any strong reactions from high volume support zones. If this continues then it creates the possibility of bitcoin taking a dip to levels with greater buying interest.
Note
Two decisive daily candles closing below the lower trend line indicate that we might be in for fresh new lows for Bitcoin this year
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.