Bitcoin is at a crucial point now and probably over the next few weeks, as it decides whether to have one last final push to All-Time Highs, or if it's going to sink into hibernation for a few years while it accumulates and prepares for another mega bull run to 6 digits or more!
I have put several notes on the chart. Pay attention to the blue boxed area in 2013-14 as this could be where we are right now. What we don't want to see (depending on which direction you'd like to see the market head) is for the 10 EMA and the 50 EMA to cross. History shows that has been the catalyst to the bull market and we will see an extended bear market.
Good luck with either direction you're hoping for, however only one will be proved right in the near future!
Cheers,
Jason
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