Bitcoin on the brink!!! Two possible scenarios.

Nov 17, 2021

Bitcoin is currently at a very important level. We are on the 50 Daily MA, above the huge support set by previous highs in the year, then on the 0.382 Fib level. We could be looking at a crab walk across this strong support, leading to an eventual boom, or we could get another leg down to around $54,000. Here we'd meet the 100 Daily MA, which we clung to for dear life in late September. This would be very strong support which matches up well with the upward sloping bottom trendline.