The Bitcoin bull market support band (20 week SMA and 21 week EMA) continue to push higher in lieu of the price rally of Bitcoin. At the present time, the point where the bulls need to hold the line in lieu of a correction would be approximately $11.8k. This would be our last line of defense to keep a theoretical multi-year Bitcoin bull market in tact. Breaking this would likely cause a momentum shift in the short-term and kick the can down the road. Will Bitcoin continue to rally? What do you think? Let me know in the comments below!
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