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BTCUSD could break either way

Oleh razuman
We can see on the weekly chart that price is being squeezed between the 200 week MA and EMA. If it fails to break above the 200 week EMA, it will most probably bounce down to the 200 week MA and go for another try. The bears are tired, but the bulls don't seem very eager either. This could take a while - but it's possible the market is bottoming, and the perfect confirmation of this would be to test the 200 week MA and confirm it as support. At the moment I'm neutral, and will buy if 200 EMA is broken or 200 MA is confirmed.
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razuman
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