Post
Bitcoin Approaching EMA 200 Weekly: Price Zone That Has Confirmed Every Cycle Bottom
From what I have observed in previous cycles, whenever Bitcoin finds a significant bottom – whether in 2019, 2020, or 2022 – the price always fluctuates around the EMA 200 weekly line.
This is not just a simple technical indicator, but in my opinion, it also reflects the psychological boundary between the bear market and the long-term accumulation phase.
Currently, $BTC is approaching the EMA 200 (W) zone very closely, and this particularly catches my attention. Two clear scenarios are unfolding.
This is not just a simple technical indicator, but in my opinion, it also reflects the psychological boundary between the bear market and the long-term accumulation phase.
Currently, $BTC is approaching the EMA 200 (W) zone very closely, and this particularly catches my attention. Two clear scenarios are unfolding.
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