Bitcoin Technical Analysis: On Edge…The Bullish and Bearish Case

Bitcoin is once again testing the top of what appears to be a bullish ascending triangle. In my last update we discussed expecting resistance around $5,350. Daily volume remains relatively strong at just above $13 billion.

At the moment, most analysts are monitoring the 50 and 200 day MA. Will we get a Golden Cross?

Shorts have been stacking over the last 48 hours while longs are dropping. This does suggest a break up…at least temporarily to liquidate short positions.

While things are looking good for bulls overall, the bears may not yet be done fighting.

In today’s analysis I discuss the bullish and

About the author: Workin 2005
Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom

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