Bitcoin Is Stuck

Bitcoin printed an ugly candle yesterday, with a long wick up and small body. This indicates that bulls were unable to make headway, finding resistance at the 200 MA.

We are stuck between the 2 major moving averages… but still just chopping sideways.

One day we will have something meaningful to talk about on the Bitcoin chart!
Trend Analysis

scott.melker@texaswestcapital.com
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