Bitcoin (BTC/USD) - Multiple Time Frame Analysis (MTFA)

BTCUSD. I thought that I would spend a few minutes separating the noise from the media and set aside some of the claims made on this platform, among many others, associated with the recent decline of the bitcoin price.

- Late 2020/2021 Trend Line has not been breached (blue line)
- However, BTC broke through its 50DEMA
- But strong support remains at the 100DEMA
- Horizontal lines are either strong support or resistance lines

Please let me know of any questions.

Best,

-Bill Herrmann

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