Bitcoin at important ema resistance zone

22 במרץ 2020

Bitcoin is still at key resistance zones. The bulls managed to get over the 12EMA daily. Next resistance is 26EMA daily. Bears have had it in control since the strong rejection at $9200. This large bull move from $3800 proves as merely a strong oversold bounce without significant trend change. If consolidation does not hold significant higher low on daily, downside into sub $4000 could be possible. This will also be somewhat dependent on stock futures and how the markets react this coming week. Stay safe, lock in profit along the way.