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- Bitcoin slides below $61K
Today, bitcoin rolled back its gains from yesterday, closing below our key level of the 100DMA and $61K range lows.
Each time we close below the 100DMA, it’s another warning sign that it may be weakening as support and becoming resistance instead. This also invalidated the higher low for now.
We’ll want to see price regain the range and the 100DMA to start getting bullish again.
Price closes below 100DMA and $61K range low.
Jesse went through his thinking about it in the livestream today:
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The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational & entertainment purposes only.
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