Post #1205714: Two scenarios for #Bitcoin here: 1. Retest the…
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Two scenarios for #Bitcoin here: 1. Retest the former resistance range & rebound higher 2. Failed breakout & slice through the potential support range What do you think?

Two scenarios for #Bitcoin here: 1. Retest the former resistance range & rebound higher 2. Failed breakout & slice through the potential support range What do you think?

Feb 16, 2023 06:52 AM |
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calebfranzen
CalebFranzen @calebfranzen
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#Bitcoin price = $24.1k Short-term holder realized price = $19.6k For those with an ability to withstand volatility, I've shared that this is the line in the sand for bulls/bears. If price > STHRP, hold. If price < STHRP, caution. Good news Good things typically happen when the Dow Jones rebounds on the 200 day moving average cloud. Bad things typically happen when the Dow Jones gets rejected on the 200 day moving average cloud. 200 EMA 200 SMA Keep it simple.