Episode Details
Back to Episodes
Bitcoin Needs to Get Back Above $70K to Avoid Double-Top Breakdown
Published 1 year, 10 months ago
Description
Bitcoin has been consolidating around $63,000 despite broader market declines.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.
But, the double-top pattern and struggle to get back above $70k raises concerns of a correction.
Critical support levels, such as the 21-week EMA at $55,200, should be monitored closely in case of a potential correction.