On 19th May bitcoin stumbled & reached almost $30K mark & settled at around $36K.
On that day something else also happened, It crossed bellow 200 days EMA which showed that it may take much time to rebound to $50k-$60k value.
After that it continually tried to break the 200 days EMA but there was no success.
Just couple of days back it did went above 200 days EMA but could not sustain & came back below EMA. We can also see that It has some support near $30K also. So for some time it will stay between $30K & $40K mark.
When it breaks above 200 days EMA then there will be nolooking back & it may reach new High.
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@upvotebank I don't see any upvotes by you.
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start success go! go! go!
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hi @vaibhavshah
It's hard to disagree with you. I would expect several weeks of upcoming accumulation before price will go above 40-41k level.
On the bright side: this strong level of resistance will become very strong level of support once we go above.
Yours, Piotr
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Yes, $40-$41K will become strong support once BTC breaks that resistance.
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