Last time BTC crashed below the 200 SMA on the 4hr chart it quickly recovered above the 200 SMA and began its monstrous bull run in a new cycle.
BTC has fallen below the 200 SMA again and if it follows the same pattern as ast time we can expect BTC to recover above the 200 SMA soon, likely in the next couple candle sticks. Both selloffs look similar to me, I expect a similar recovery.
BTC has fallen below the 200 SMA again and if it follows the same pattern as ast time we can expect BTC to recover above the 200 SMA soon, likely in the next couple candle sticks. Both selloffs look similar to me, I expect a similar recovery.
Comment:
In dollar terms, target is 13k