Bitcoin MUST HOLD This Line NOW!! [Bitcoin Technical Analysis]

Bitcoin Technical Analysis May 16 and Ethereum Technical Analysis.
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Bitcoin and the crypto market is pretty slow today as it usual is on sundays. The weekly candle will close in a few hours and we're preparing for some huge volatility on monday. Bitcoin is still hovering inside of this huge descending triangle on the daily time frame.

And Ethereum is still hovering inside of the descending channel as it has been doing the last few days. Bitcoin and the crypto market will probably make a significant move early next week, either to the downside or to the upside, so let's see what it's going to be!

If Bitcoin's next move will be to the downside, it will start a midterm bear market. But if Bitcoin can hold the support line it's testing right now, we can continue this bull market. I would say the next few days are critical for Bitcoin.

Lets hope Bitcoin, ethereum and the crypto market can hold the line today!

Good luck to all of you and be careful out there!

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#Bitcoin​, #BTC​, #Daytrading
Joel on Crypto