Back from vacation. Regular updates will resume, thanks.
The 200EMA line shows to be a strong & important level for bitcoin. By the looks of it we tend to see a retest once or twice per month.
Looking back at previous times we saw price at this level , we can see it held strong and after few days of accumulation we continued up.
If we happen to break the 200Ema level, this will crest heavy uncertainty. One thing to keep in mind is 46500-47500 is where new institutions accumulated over $1B+ worth of BTC which should be considered current strongest support level.
The 200EMA line shows to be a strong & important level for bitcoin. By the looks of it we tend to see a retest once or twice per month.
Looking back at previous times we saw price at this level , we can see it held strong and after few days of accumulation we continued up.
If we happen to break the 200Ema level, this will crest heavy uncertainty. One thing to keep in mind is 46500-47500 is where new institutions accumulated over $1B+ worth of BTC which should be considered current strongest support level.
