The 20 EMA line will be found around this level at 36k USD acting as a fairly strong resistance now + this will be tying in with the double top located to the left of this area as well.
We also have some quite familiar price action to the last false breakout we saw around the 13th of June, I'm speculating we could be seeing something similar here in the coming days.
If we can smash out this 36k USD level and find support on the 20 EMA then we can start getting a little more bullish, but for now, the bears are in control.
We also have some quite familiar price action to the last false breakout we saw around the 13th of June, I'm speculating we could be seeing something similar here in the coming days.
If we can smash out this 36k USD level and find support on the 20 EMA then we can start getting a little more bullish, but for now, the bears are in control.