BTC Keeps Battling The EMA200 — Can The CIP Help To Push Through

Bitcoin has been trying to break through the EMA 200 for almost a week, but the crucial moving average has proved to be strong resistance.

From a positive perspective, we have to have that the continuous tries to initiate some upward momentum happens during the major BTC sell-off by the German government. Therefore, BTC is doing exceptionally well.

Today, we will have a CIP announcement. Forecasts state a CIP of 3.1%. A lower value could be the final spark to initiate bullish momentum.

Overall, it looks like it is just a matter of time until Bitcoin and the entire crypto market print some bigger green candles.