BTCUSD is stabbing the neckline of the bearish pattern that formed in March-May.
Resistance begins at 42,000 and then waits the SMA 200. While not bullish on BTC we did note the positive hint in RSI in NFTRH 665 and this would be the product of that. RSI sneaked positive above 50 and its EMA 20 and now it is getting bid up.
I am not going to die on Bearish Bitcoin Hill, but I am not going to call it bullish until it is bullish. Right now it is bouncing hard. The SMA 200 is at 44,658. Take that out and then we can scrap the bearish view. Meanwhile, bounce on BTC, bounce on.
