That 200 Day MA is really playing as the floor for a descending triangle on the low... I wouldn't be surprised if a market mover come into the market in the very near term to force BTC back into a bear market..
There was clearly a bull flag that's been negated a little, and now turned into a bullish pennant formation.. We'll see I guess, but I think there's a hidden descending triangle here with the 200 Day MA as the floor, it will start to move up & become more apparent after a few more days of trading, potentially imo..
The rsi is showing higher lows & higher highs on a micro level, so don't be surprised to see a measured move similar to the massive move on Otc 25th & 26th in either direction to change the trend bearish or keep momentum bullish.
Time will tell per usual.
There was clearly a bull flag that's been negated a little, and now turned into a bullish pennant formation.. We'll see I guess, but I think there's a hidden descending triangle here with the 200 Day MA as the floor, it will start to move up & become more apparent after a few more days of trading, potentially imo..
The rsi is showing higher lows & higher highs on a micro level, so don't be surprised to see a measured move similar to the massive move on Otc 25th & 26th in either direction to change the trend bearish or keep momentum bullish.
Time will tell per usual.
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