Bitcoin is still in a downtrend and has continued to bounce around the 200 period moving average for the last week. There’s been no clear sign of a bullish reversal yet but this down move is getting a little drawn out and I think it’s due for a bounce. I’m patiently waiting for bullish
BTC price is pretty close to where we started last Monday which I find funny because it was actually a pretty volatile week with Bitcoin running up on Thanksgiving only to dump the next day as deep as $53.6k. In came a bullish inside bar after that and here we are on the 3rd
Bitcoin was in the process of breaking to a new high when I wrote last week’s analysis. That turned out to be the most exciting price action as not a lot happened over the next seven days. Today has started off a down day about -2% and price is sitting at $64k after several days
Bitcoin Analysis: Week of November 1, 2021 Last week we talked about Bitcoin looking a bit overbought but not having broken down yet. I noted that shorts were off the table for me and while some aggressive traders probably got short term setups coming in, price chopped sideways throughout the week and we’re sitting in
We will notify you by email when there are spots available
