Bitcoin long term trend
Bitcoin is approaching the lower end of the long term multi-year ascending channel. The low of the channel would correspond to around 33k.
Another support would be the 89 weekly EMA which corresponds to around 38k. A weekly close on the 16th of January below 38k and we could say with confidence we are in a bear market.
For the more bullish scenarios, check the last related ideas below.
Another support would be the 89 weekly EMA which corresponds to around 38k. A weekly close on the 16th of January below 38k and we could say with confidence we are in a bear market.
For the more bullish scenarios, check the last related ideas below.
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