Bitcoin New Levels Revealed. 100 MA Down sloping

12 set 2023

Bitcoin should soon find support once again at the blue line (50 Day MA) then bounce. My main concern is the 100 Day MA. Its aggressively downsloping which tends to indicate downward pressure. I know in this pattern, we tend to retest lows. This usually is the case to suck in the bears. That would confidently maintain it's long-term support trajectory and yet hit support on the longer timeframes. 15,500 - 15,900 long term target then we'll see if this is a firm support and hopefully we bounce back. Not going to be a smooth trip...We'll keep monitoring and keep our trades short to take profits and use proceeds to buy longterm. 24,300, 20,000, 18,000, & 16,000 is our sweep account buy orders.