epnick

BTC to test 200 week MA and 3000 usd

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looking back at 2017 the last good correction we had was from 5000 to 3000 usd (40%) where we made support on the weekly time-frame around 3600 usd.

BTC coming close to the 200 week MA and support zone , but I think the big even of 3000 needs to be tested before we can think about moving to the upside.
3K was tested before we had the massive exponential run-up to 20k.
Comment: We are currently trading around the 200 week MA, but i think we will test to lower levels
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