Hello dear community,
Major move in action. 21 week holding strong resistance for now, but big trouble with the 50 week, we'll have to keep close attention as the candle closes on next Sunday.
Still the same bearish signals (death cross), and after the death cross we see the price fall dramatically.
We had a failed rally after the recent death cross just like around March-April 2018. Same thing happened very recently.
Picture below is March-April 2018 after the death cross:
To expect in the next following weeks: another rally (probably towards 9k) but it will be a failed rally obviously continuing the bear market trend when in about 5-6 months the BTC price is likely to go below 6k.
Sometimes I have bad news and sometimes I have good news. I am just telling how it is
There are two strong levels: 10k-ish and 6.4kish, one of these levels will break next year and will dictate BTC price for the whole 2020-2021 period. Be ready folks!