Bitcoin’s Response to its 89-Day EMA May Set the Tone for How it Trends in 2020

Bitcoin has once again found itself stuck within a boring period of sideways trading as it finds stability around $7,500. This sideways trading has come about concurrently with BTC hovering just above its 89-day EMA level, which may provide valuable insight into which direction it will trend in the mid-term.
Analysts are favoring a bearish movement at the moment, which stems from the amount of hidden sell orders that have been suppressing any BTC rally, as well as the frequent rejections it has