$BTC is approaching a level that has punished bulls before.
The weekly chart is flashing a third potential bull trap around the $77K EMA50 zone.
The previous two rejections led to 63% and 69% drawdowns.
If this structure breaks down again, the downside could get violent before Bitcoin finds its next clean breakout. đ
The weekly chart is flashing a third potential bull trap around the $77K EMA50 zone.
The previous two rejections led to 63% and 69% drawdowns.
If this structure breaks down again, the downside could get violent before Bitcoin finds its next clean breakout. đ
