Bitcoin Price Analysis - Technicals show potential for 21% decline in coming weeks - OhNo "WTF" Crypto

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Bitcoin Price Analysis - Technicals show potential for 21% decline in coming weeks

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Technicals for BTC/USD reveal a bullish trend shift with the current spot price above both the 200-day EMA and the Cloud. US$8,100 is a key support level, along with the Cloud and Kijun at US$7,200. Overhead resistance stands at the yearly pivot of US$13,000. Over the next few weeks, a bearish edge-to-edge trade on the daily Cloud may trigger, with a price target of US$7,200.

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via https://www.ohnocrypto.com

Josh Olszewicz, Khareem Sudlow