Crypto Trend Lines Point To Weakness Ahead
Tim Knight | Jul 28, 2021 11:59AM ET
Resistance trend lines in crypto – specifically, Bitcoin – portend weakness ahead.
If BTC does start to weaken, I’d say one of the first ones to descend will be: Marathon Digital Holdings Inc (NASDAQ:MARA).
Here’s the puzzlement, though — MicroStrategy (NASDAQ:MSTR) actually looks strong, and it is utterly dependent on BTC strength. A few days ago, it leaped over its trend line, and support has held since then.
I’ve got no dog in this fight, but I at least wanted to highlight that BTC was mashed up against resistance again.
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