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Moment of truth guys

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by COINS NEWS 244 Views

We just had a bullish breakout after a very large bear trap. This is the moment of truth which will reveal if we're still bullish, or if this is just a bull trap. My money is on us still being bullish, as I'm long since 32.5k, but hey this is crypto so anything could happen.

There are significant resistance in the 41k-42k area, but BTC has a tendency of slicing right through seemingly significant resistances on normal price patterns, even with bull/bear traps. Therefore, the real resistance we need to get above is the 21 Week EMA @ 43.3k, and we need to hold above it for two consecutive weeks.

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