Bulls need much more energy!
Hi
For a better perspective we decided to analyze 4H chart
as you can see price is under EMA200 and MA20 and also breakout from bottom of the micro channel , MACD is a bit bearish and RSI is in the middle range,it doesn't seems bulls have enough energy to pullback from the 8300$ Resistance to higher prices and its very likely if we drop lower to take the require energy for a big pump before halving.
please thumb-up the like if you do agree and right your idea if your not.
Good luck
For a better perspective we decided to analyze 4H chart
as you can see price is under EMA200 and MA20 and also breakout from bottom of the micro channel , MACD is a bit bearish and RSI is in the middle range,it doesn't seems bulls have enough energy to pullback from the 8300$ Resistance to higher prices and its very likely if we drop lower to take the require energy for a big pump before halving.
please thumb-up the like if you do agree and right your idea if your not.
Good luck
Penafian
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