Bitcoin sits above the 61.8% Fibo short term support after the minor recovery from $7,200.
Bearish presence is apparent especially with the 50 SMA crossing under the 100 SMA.
Besides defending $7,400 support, the bulls must push Bitcoin above $7,500 to avert a possible return to $7,200.
Bearish presence is apparent especially with the 50 SMA crossing under the 100 SMA.
Besides defending $7,400 support, the bulls must push Bitcoin above $7,500 to avert a possible return to $7,200.