Dear fellow traders, in the past, Bitcoin has always bounced of 50 week Moving average once and on the second attempt it was 50 week MA was taken out. Bottom was always found at 200 week Moving Average. That green line is 200 week moving average. If you want to ignore the evidence of upcoming correction, you can.
Why buy now when you can buy bitcoin at 60% discount from here. Have patience! This is not a financial advice. do your own research before investing.
Before commenting that i am not providing enough evidence, please go and read my post here -
how much it can go up before dump you think? personally think cant go above last resistance at 52k
kingpannu
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@santana2331 that lower purple line of the rising wedge is the highest for bitcoin for now according to my analysis. 50k, 52k and 56k are also strong resistance