BTC USD no bs assessment

Bitcoin seems to be in another "decision time" moment and this could propel bitcoin towards a hard rejection towards 8k or another retest of $10,000. Either way, price-interaction with both these levels will dictate what btc does from there. I don't see $10,000 holding as resistance again if btc revisits this area. In the same sense, I do not see $8,000 holding as support either for a variety of reasons. This is a make it or break it for the bulls. Neutral but prepared for both scenarios. If btc breaks bearish, it's just delaying the inevitable.

I lay out the entire idea in more detail in the newsletter. Check out the site and subscribe - it's free.

Nothing I say here or anywhere is financial advice. Take care of your money.
Bitcoin (Cryptocurrency)BTCChart PatternsFalling WedgeTechnical IndicatorsUSD

Penafian