Bitcion is in a bull market, it will remain to be so until we fall below 30 thousand dollars...
That being said, on the smaller time the fighting between bears and bulls continues...
Tom Demark has this idea, the over exuberance as reflected in the price deviating from the trend line will be met with panic once the trend line breaks...
So according to that analysis I see the price there at the magenta line as a deciding factor for the time being...
If we can break above it, and stay up we have a shot at a new ATH
if we cant break it and start falling below 33 then 31 then 30s all together then it is a stagnant weeks ahead...
That being said, on the smaller time the fighting between bears and bulls continues...
Tom Demark has this idea, the over exuberance as reflected in the price deviating from the trend line will be met with panic once the trend line breaks...
So according to that analysis I see the price there at the magenta line as a deciding factor for the time being...
If we can break above it, and stay up we have a shot at a new ATH
if we cant break it and start falling below 33 then 31 then 30s all together then it is a stagnant weeks ahead...