Bitcoin Technical Analysis: The Next BTC Crash Might Be Near (April 2020)

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Bitcoin Technical Analysis: The Next BTC Crash Might Be Near (April 2020)

Bitcoin has not done anything of consequence after the recent fake out. The price keeps trading close to the 200-moving average on the 4H time frame for BTC/USD. This is a time where we need to see some sideways movement similar to last time. The only difference is that previously it was around the 200 EMA. This needs to culminate in a major decline in the near future. If that does not happen and the price instead shoots past the 200-moving average to print a series of higher highs and higher lows, then I would have to change my mind. However, so far, the probability of that happening is very low as Bitcoin remains in a strong downtrend.

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