I was waiting for
Bitcoin (BTC)
to go down below 32k but Bitcoin is sitting above 32,6k. it was an uncertain situation this morning. At the time of writing, Bitcoin gained momentum at 32,6k and above MA50 at a 1h timeframe. Hopefully, the rebound retest 34k as it is starting to break out the minor resistance.
The Moving Average 200 Days is the supply at 35k.
In case of #BTC will break out 35k the bull cycle is around us, but I am not sure as the market is too slow to move up. In m own opinion, it could be hard to see the bull run this month. We have 7 days to enjoy the bullish by far.
Remember, there are many countries that Banned the largest crypto exchange Binance such as Ontario, UK, and more. There is bad and good news, that is why the market is unstable(PUMP AND DUMP). The worst moment for the crypto Holders.
As I said in the statement above, You can enjoy your bull cycle this week before it too late.
Happy trade everyone.