The Long Investor

$BTC TOP 20

Added 2024-12-29 18:54:01 +0000 UTC

Bulls are slipping here slightly, the Market Sell off on Friday has spooked the markets and crypto so it was unlikely we would see a rally over the weekend because we don't know what way the market will open tomorrow, so the price here stayed flat.....but it is below the channel and 50 Day MA, there is no denying that this is not where the bulls want to be right now

The $SPY and $QQQ managed to stay above their 50 Day, while $BTC has not.

However, a strong start to the market tomorrow and the 50 Day MA can be recaptured, as always give the price time to fight to recapture the important level, there is not a rejection at this 50 Day so far, just resistance.