BTC nearing the 200 day

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It looks like we did get a pump to the upside on BTC. Now we need to get above $19.5k and hold it. If we could do that and BTC could go sideways for a couple of weeks, we might get a nice follow-up in Alts.

What are your thoughts? Bear market rally and rejection at the 200 day (green line) or new bull run starting? Let me know below in the comments.


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13 comments
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I think we will see a rejection. I am just too skeptical at this point. Everything has been pointing to a really rough year for 2023. This feels like a false flag or a bull trap. Whatever you want to call it. It's nice to see some green finally though.

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I don't know what to think. It seems like everyone, including mainstream media is calling for a down year. They're never right about anything. LOL I learned my lesson in 2008 that the markets don't have to make sense to pump to unreal levels. I missed that bus and hope not to miss the next one!

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I just hope I can make some smarter moves in the next one. I really didn't do everything I should have in the last one. I did enough to help my circumstances, but not enough to carry me through this bear market.

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