BTC Weekly Analysis: Market surpasses the 21 and 14 averages, without taking notice of them.
Retreats upon encountering the Updated Moving Average 7 yesterday, near the 0.5 fibo region of this bearish leg.
At this moment the price is fighting with the 14 Moving Average located among the other mentioned Moving Averages. Strong resistance area with CME futures GAP to close at $57845.
It is possible to take your last dive, at least to close the GAP and retest the broken LTB, possibly before reaching the $63600 region or even the $66k region (fibo points).
This dive is unlikely, due to the unexpected attack on former President Donald Trump, but we cannot rule out this possibility.
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BTC Weekly Analysis: Market surpasses the 21 and 14 averages, without taking notice of them.
Retreats upon encountering the Updated Moving Average 7 yesterday, near the 0.5 fibo region of this bearish leg.
At this moment the price is fighting with the 14 Moving Average located among the other mentioned Moving Averages.
Strong resistance area with CME futures GAP to close at $57845.
It is possible to take your last dive, at least to close the GAP and retest the broken LTB, possibly before reaching the $63600 region or even the $66k region (fibo points).
This dive is unlikely, due to the unexpected attack on former President Donald Trump, but we cannot rule out this possibility.
Open the chart below and understand...