Bitcoin won the battle. But did it win the war?
After several weeks below the EMA-8, Bitcoin finally closed above it — and not by a small margin.
But now the interesting part begins. Buyers will try to defend the uptrend and keep the price above the EMA-8. Sellers, on the other hand, will try to retake that level or at least pull the price back toward it.
For now, the advantage is with the buyers. But confirmation hasn’t come yet.
Personally, I prefer to wait for this standoff to become clearer before making any decision.
Because in the market, that’s how it is:
only the one who’s still alive enjoys the peace that comes after the war.
After several weeks below the EMA-8, Bitcoin finally closed above it — and not by a small margin.
But now the interesting part begins. Buyers will try to defend the uptrend and keep the price above the EMA-8. Sellers, on the other hand, will try to retake that level or at least pull the price back toward it.
For now, the advantage is with the buyers. But confirmation hasn’t come yet.
Personally, I prefer to wait for this standoff to become clearer before making any decision.
Because in the market, that’s how it is:
only the one who’s still alive enjoys the peace that comes after the war.
