Bitcoin 5 Year Most Important Support, End of Week Recap
Hello!
As we discussed in the recent 4 reports, Bitcoin continues to flirt with the long-term 100 moving average which we have now stressed multiple times is the most important support zone in 5 years. Not much has changed since the last update, as that support level continues to be super strong in detemrining the long-term sentiment for Bitcoin. We will continue to watch next week, as we are not sold on the direction it has chosen to take yet, despite the small bounce upwards. We need more conclusive evidence of the long-term bullish signal and not just a typical bitcoin bull trap. You can see our original analysis here where you can leave your thoughts / concerns. Have a great weekend!
-Visionary Financial ( VF )
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
As we discussed in the recent 4 reports, Bitcoin continues to flirt with the long-term 100 moving average which we have now stressed multiple times is the most important support zone in 5 years. Not much has changed since the last update, as that support level continues to be super strong in detemrining the long-term sentiment for Bitcoin. We will continue to watch next week, as we are not sold on the direction it has chosen to take yet, despite the small bounce upwards. We need more conclusive evidence of the long-term bullish signal and not just a typical bitcoin bull trap. You can see our original analysis here where you can leave your thoughts / concerns. Have a great weekend!
-Visionary Financial ( VF )
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
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