Bitcoin is setting up to either get back above the 50-Day SMA (simple moving average price) and potentially resume the new promising uptrend wave or shift back into the usual downtrend mode this week.
As long as $229-$231 has not been tested the downside decision is unclear. $230 is the key support, if this area breaks the price could slide down to $198.
As long as $229-$231 has not been tested the downside decision is unclear. $230 is the key support, if this area breaks the price could slide down to $198.
