Bitcoin Weekly | Back To Basics Part 2: MA200
The black line on the chart stands for MA200. We are going back to basics.
➖ In October 2023 Bitcoin goes on a major bullish impulse after conquering MA200 as resistance.
Once the momentum of this impulse dries out, ends, the same level becomes relevant again but as support.
➖ Bitcoin is now going to test MA200 but instead of a bullish impulse, through a bearish-run.
This level now stands at $38,669. This would be the minimum price for Bitcoin to reach on this coming drop.
Namaste.
➖ In October 2023 Bitcoin goes on a major bullish impulse after conquering MA200 as resistance.
Once the momentum of this impulse dries out, ends, the same level becomes relevant again but as support.
➖ Bitcoin is now going to test MA200 but instead of a bullish impulse, through a bearish-run.
This level now stands at $38,669. This would be the minimum price for Bitcoin to reach on this coming drop.
Namaste.
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followalan.com
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lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
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