Markets have repeating patterns. This seems no different. Given the halvening coming up, I would expect 
BTC to range for a while before moving up again. However, it needs to retest the 200 day EMA and confirm it as support. It also needs to have the 100 day EMA cross above the 200 to get some bullish momentum otherwise this will be a failed rally and we could see more downside.
BTC to range for a while before moving up again. However, it needs to retest the 200 day EMA and confirm it as support. It also needs to have the 100 day EMA cross above the 200 to get some bullish momentum otherwise this will be a failed rally and we could see more downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.