BTC/USD (Will 50W MA Hold?) for BITSTAMP:BTCUSD by PolarHusk

💎Technical Analysis Summary💎


-Bitcoin failed to hold above 40k dollars last week

-The price is back at its weekly major support area

-This is the critical part for Bitcoin this coming few days

-Our only hope if the 50W MA will act as support again for the 3rd time

-If it bounces up again, we will have another retest near 40k

-But a failure of weekly support will lead to further downside

-Not the best time to go all-in on your altcoin trade

-Because the market is shifting its tune in a short amount of time

-We always need to adapt and adjust our strategies base on what the market is telling us

-I will publish a new update once more data comes in

-Please stay safe and healthy everyone!

⚠️Please always read the description⚠️

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Not Financial Advice 💸

Please Exercise Risk Management 💱


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