$BTC - still trading above all of the major moving averages but it did breach below the 50 EMA and the uptrend channel for a bit.
Potential #Bitcoin Ranges this week ...
Pullback scenario: $8,575 OR exaggerated shakeout around $7,600ish
Upside scenario: $9,600+
Momentum shot up recently but price is already finding some gravity. The moves seem to be targeting confusion by market makers - they love to create a final impulse to break trend lines (only to reverse the move immediately). Lets see what happens next.
Earlier today:
Now:
