There are definitely some resistance to make a push lower. 

Potentially, As you can the 20EMA (BLUE) crossed the 200EMA(GREEN), and the 50EMA(RED) is in line with the 20EMA(BLUE) showing bearish momententum. 

Now we will need more bearish moment to puch the price further down. The fact that price failed to break that support and maintain the push lower is one thing to keep in mind.

There is alot of FEAR around BITCOIN so that is makes me think that the BEARISH move might not be sustained. 

But if the price wants to go lower then lets see what happens. 

To keep yourself objective, think of the PRICE, EDGE and your PLAN. Forget the IDEA of being an overnight millionaire. 

Because very few millionaires became millionaires over night. They build themselves behind close doors for years. 

P.s. Keep an eye on the MACD for bullish divergence for a potential move to the upside. 

BTC - Are the bears still in control?

Jun 25 2021

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