After a near-relentless rally that went on for ten days, Bitcoin saw a sudden pullback on Sunday. In a brief period of time, BTC fell from $4,200, where it had topped from a short-term point of view, to $3,800, a level it failed to surmount for weeks on end.
Yet, some traders have kept their heads high, accentuating that they are still sure that a further move to the upside is inbound.
Financial Survivalism, an insurance agent turned full-time trader, recently took to Trading View and Twitter to explain his thoughts on the current state of cryptocurrencies.
Bitcoin Looking Somewhat Healthy
Survivalism noted that while the leading crypto asset didn’t close above its 200-week exponential moving average (EMA), a key line of resistance that has held since November 2018, he is still leaning bullish.