ARE WE IN BULL MARKET?
Then the answer is NO
If you see a Technical chart then MA50 on weekly chart is a major resistance which BTC needs to break. And we are still below Weekly MA50
MACD signals are still below 0 line and needs to cross for a Bull market
BTC dominace is still high at 59.82 % and Altcoin season index is going down and not even above 50 level. Above 75 is a real bull market.
So if BTC fails to cross 82K mark again then bears can bring BTC again to 69K at 200MA level and the propaganda of 50K will be again amplified.
So this week is important and 15 September most important calendar events will decide the next move of BTC
#BitcoinRejectedAt$81K50WeekMA
$BTC
Then the answer is NO
If you see a Technical chart then MA50 on weekly chart is a major resistance which BTC needs to break. And we are still below Weekly MA50
MACD signals are still below 0 line and needs to cross for a Bull market
BTC dominace is still high at 59.82 % and Altcoin season index is going down and not even above 50 level. Above 75 is a real bull market.
So if BTC fails to cross 82K mark again then bears can bring BTC again to 69K at 200MA level and the propaganda of 50K will be again amplified.
So this week is important and 15 September most important calendar events will decide the next move of BTC
#BitcoinRejectedAt$81K50WeekMA
$BTC
