Bitcoin just tested a critical level... Here's what this pattern means. Bitcoin's has managed to recover above its weekly 21 EMA, which is typically a positive and bullish sign. However, what if bitcoin fails to hold above this level - specially now that it has come to test its weekly 21 EMA? What does history say about the pattern of when bitcoin drops and closes below its weekly 21 EMA? Are the probabilities mostly positive or negative? We look at the charts and the statistics. TA Video by Alessio Rastani.
