WHY THE BITCOIN BOTTOM IS PROBABLY NOT IN YET.
Bitcoin just closed a weekly candle BELOW the 200 weekly moving average.
Now look at 2022.
Price did not bottom at the 200 week MA. It cut roughly 30% below it before turning.
If history rhymes, Bitcoin could still drop lower.
Bitcoin just closed a weekly candle BELOW the 200 weekly moving average.
Now look at 2022.
Price did not bottom at the 200 week MA. It cut roughly 30% below it before turning.
If history rhymes, Bitcoin could still drop lower.