Which way Bitcoin?

3 авг.

Well this certainly looks like the last dump to me for Bitcoin if we are continuing up from here. As you see we fell below the 200 daily ma again today for a little bit. I really hope Bitcoin falls more actually to about 59650 to fill that cme gap it left a couple of weeks ago. This dip is too much too fast so far. It has been almost straight down. Typically when the bill run starts we can see a v shaped recovery. Could this finally be it? Well if it's not and if we close a weekly below the 200 daily ma now, then I will be bearish on Bitcoin. That could be invalidated with another takeout and close above the 200 daily ma again like what happened in July. But honestly I think we are least make another run back to 71k or the range highs. Maybe we go all the way down to range lows for a couple hours too. But personally I think this will bounce here off the cme gap zone and 200 daily ma.