BTC

9 thg 12, 2024

BTC I see a lot of tweets calling tops and people think a large pullback is around the corner.
Everything is possible of course.
In the past though the 200 ema and the 200 ma on the 4H timeframe has always held the first big pullback of 25 to 30% and touched it barely due to the distance price was away from it.
at this moment it lays only 8.35% down.
This would mean we would have to nuke through it and price would be trading way below it in the first pullback.
Highly unlikely imo.
A touch is definitely possible, but i don’t see any bearish signs to assume we would lose it already when the rsi on the weekly has not even touched the 80 zone yet
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