#BTC
Bitcoin is forming Lower Highs here relative to the July upside wick
In 2022, August actually developed a Higher High relative to the preceding July
No matter the structure however, 4 years ago Bitcoin positioned itself for a bearish retest of the 50 Month EMA (purple) to reject and drop lower later
Today as things stand, Bitcoin is technically positioned for the same thing
$BTC
#Crypto #Bitcoin
Bitcoin is forming Lower Highs here relative to the July upside wick
In 2022, August actually developed a Higher High relative to the preceding July
No matter the structure however, 4 years ago Bitcoin positioned itself for a bearish retest of the 50 Month EMA (purple) to reject and drop lower later
Today as things stand, Bitcoin is technically positioned for the same thing
$BTC
#Crypto #Bitcoin