Bitcoin is trying its absolute damndest to get through the 100 point MA on the 4hour chart. I really like using the 4 hour because Bitcoin pricing seems to really respect trend lines and moving averages on that time frame.
A lot of indicators are trying to turn bull in this area as well. I really think we are going to get a bit of a rally from this level.
But I do want to stress that I don't think we are going to see a market reversal, I think we are in a nice position to open some longs but overall this is still a bear market.
In my opinion.
Good luck with your trades!!
