BITCOIN (BTC/USD): Breakout or Pullback to Retest 17.6k

 


Bitcoin is testing its 200-day EMA, at around $21k. A breakout, which could take bitcoin to $23k, is unlikely as its RSI is already topping. The bulls need to figure out what a catalyst would be for bitcoin to propel its price higher soon, or else be prepared for a pullback to $17.6k.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!


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