The New Things Bitcoin Is Telling Us

Bitcoin technicals

Bitcoin has done nothing since Jan 2021. This is a highly volatile asset, stuck in a huge long term range. This year we have spent trading in the 36/45k range and we lack both long as well as short term direction. The 100 day crossed the 200 day a while ago, which is a bearish cross, but after the same occurred this summer, BTC decided to bounce hard. Let's see how this plays out, but the big level to watch to the downside is the 36k area and the 45k is the big resistance to watch.