Bitcoin retested its up trend line at $12500 and faced strong resistance resulting in a steep short term downtrend line and found support at the $11600 level and now it has broke the downtrend line and is aiming for the sub $12000 region.
Is bitcoin laying the foundation for the perfect bull trap before revisiting its EMA 50,100 support levels?
Trend Lines - Yellow
Support - Green
Resistance - Red
Elipse - Area for bull trap
Is bitcoin laying the foundation for the perfect bull trap before revisiting its EMA 50,100 support levels?
Trend Lines - Yellow
Support - Green
Resistance - Red
Elipse - Area for bull trap
