The recent Bitcoin rally seems to be running out of momentum sub $80k, which is an important level to watch. For the bulls, we need to see is the price move through the 200 day moving average and consolidate in the mid $80k range, before the next upward leg. If we fail at the 200 day, we could see the market drift a little lower in the coming weeks.
We did caution on Bitcoin pressure in early April. Even though the price has bounced higher since then, we haven't seen a convincing break through the 200 day simple moving average. We're still well below all time highs.
Bulls should add some downside protection.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
We did caution on Bitcoin pressure in early April. Even though the price has bounced higher since then, we haven't seen a convincing break through the 200 day simple moving average. We're still well below all time highs.
Bulls should add some downside protection.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
The Blueberry Team
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.