BITCOIN ANALYSIS BTC/USD Bitcoin turned down from just below the all-time high today as the bears tried to pull the price down. However, the long tail on the daily candlestick shows aggressive buying on dips. The upsloping 20-day exponential moving average ($51,414) and the relative strength index (RSI) above 68 suggest the path of least resistance is to the upside. If the bulls can drive and sustain the price above $58,341.03, the uptrend could resume. The next target objective on the upside is $72,112. Contrary to this assumption, if the BTC/USD pair once again turns down from $58,341.03, it will suggest the bears are aggressively defending the higher levels. If the bears can sink the price below the 20-day EMA, the short-term traders may book profits and that could pull the price down to the 50-day simple moving average ($44,934). A break below this support could result in a drop to the critical support at $41,959.63. This is an important level to watch out for because if it cracks, the advantage will shift in favor of the bears. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #bitcointrading #bitcoinbullish #bitcoinpump #bitcoincashout #bitcoinisking #bitcoincash #bitcoins #bitcoin #bitcoinnews #bitcoinprice #bitcoindaily #bitcoinholders #bitcoinwewin https://www.instagram.com/p/CMV690phuoI/?igshid=1g3k9aiw01j17