Bitcoin ( BTCUSD ) is now going below EMA100 on the weekly timeframe … This is very bad news.

We have this Shooting star candle on the 7-Feb. week:

At this same level we have a strong rejection from EMA50/EMA10 as resistance.

Last, we can see how EMA100 is now failing as support.
(This signal is only confirmed once the weekly candle closes)

The $20,000 Bitcoin target we’ve been warning about is still in play.

We can say BTC is out of the hospital above $46K.
Once the last crash shows up, we will revisit the chart and give you new levels for you to trade.

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