Bitcoin/Crypto Expectations This Week
#bitcoin #crypto #altcoins #200DMA #keysupport
Bitcoin, which leads the crypto market, has dropped back down to the 200 DMA. This coincides with our small (bull flag) triangle top. Though my signal indicators are flipping RED, further downside movement shouldn’t be expected just yet. I am taking some profits to be safe. However, I am expecting this area of confluence to hold us for support for today. I still see us retesting the top side of our channel at 68k but this week may show us a lot of sideways movement before doing so. It could be a boring week if that 200 DMA holds us here. If it breaks, back to 60k we’ll go. Watch this key moving average today and the rest of this week!