🔨BTC Bear Market & EMA21.
In a bear market, the 21-week EMA acts as the key resistance.
Every time $BTC attempts a bounce, price fails to hold above EMA21 - there hasn’t been a single 3 consecutive weekly closes above it.
So even if the bulls manage to push price slightly higher, there’s strong EMA21 resistance sitting at $69.3K.
We’re still in a bear market. Capitulation is ahead.
#BTC #bitcoin #ema #CryptoAnalysis #BinanceSquare
In a bear market, the 21-week EMA acts as the key resistance.
Every time $BTC attempts a bounce, price fails to hold above EMA21 - there hasn’t been a single 3 consecutive weekly closes above it.
So even if the bulls manage to push price slightly higher, there’s strong EMA21 resistance sitting at $69.3K.
We’re still in a bear market. Capitulation is ahead.
#BTC #bitcoin #ema #CryptoAnalysis #BinanceSquare