? Bitcoin Bulls in Control…?️♂️ but for how long ?
In the 11 year history of Bitcoin (since 2009) it has closed weekly candles above $12,000 for 6 weeks. The path of least resistance is down, unfortunately.
- looks amazing, as it has surpassed its 2017 highs!
- Moving Average Convergence Divergence confirms a strong trend.
- But the price is king. Bulls need to prove they can close a weekly candle above $12,000…
🚨 I do have Buy Stop Orders somewhere above $12,000 just in case the bulls can push the price higher. I am NOT stupid enough to short this (even though I labeled this analysis as a Short.) 😅