Will Bitcoin continue it's rise OR was this a "Bull Trap"
It was a good day for crypto yesterday, but does it have enough momentum to continue the journey up?
Volume on the daily still trending down (yesterday was a nice but overall still on the lower side)
Could see a retest of the EMA 20 area (63500) if it bounces then we probably won't see the 50's again in 2024 or maybe never again....But, if the retest fails, the 200 MA (53-54K) is still on the table.
Will we get a nice discount crash or will golden hands rule all. Remembering my experience with the meme stocks / bitcoin overlap in 2020, this might be a wild ride.
I LIKE, HOW MUCH?
(PS: This is my first post and I'm just a simple woman who makes nice sandwiches, so please give constructive feedback if I'm completely wrong here....and I might make you a sandwich)
Thanks for reading! Good Luck
Volume on the daily still trending down (yesterday was a nice but overall still on the lower side)
Could see a retest of the EMA 20 area (63500) if it bounces then we probably won't see the 50's again in 2024 or maybe never again....But, if the retest fails, the 200 MA (53-54K) is still on the table.
Will we get a nice discount crash or will golden hands rule all. Remembering my experience with the meme stocks / bitcoin overlap in 2020, this might be a wild ride.
I LIKE, HOW MUCH?
(PS: This is my first post and I'm just a simple woman who makes nice sandwiches, so please give constructive feedback if I'm completely wrong here....and I might make you a sandwich)
Thanks for reading! Good Luck