Bitcoin continues to move sideways with no end in sight. These tendencies are likely to continue for a while, maybe till September or later. No one knows. What we can say is that while the price of Bitcoin remains below the 34-weekly EMA, expect no change. You should expect the price to range between $29900 and $41400. Perhaps not too surprising, the 50-weekly SMA acts as a support to the current price action. Are there any other surprises on the horizon? Only time will tell.
This video is strictly for educational purposes. It is not a video giving any financial advice as the maker of this video is not authorized to do so. This video is not an endorsement of Bitcoin for purchase.
Most analysts out there are talking about a V-shaped recovery, which is surprising. Are these people looking at the charts? I ask this question with humility. It seems to me people have forgotten how a V is shaped, or am I missing something? This is a response to several critics who have not bothered to look at the charts!
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