Helmet time for the Bitcoin longs? ...Just a gentle warning for any of you long Bitcoin … (not investment advice!) … the technicals are pretty reliable.
Based on long-term momentum factors we suspect that next support of significance will be found in a zone between the upper $30,000s and $40,000. Don’t let intermittent rallies turn your head. It’s likely that before this situation can turn up again, it will have made a low that looks like a low.
For now it looks like helmet time for Bitcoin longs.