In the last 8 years, every time 50SMA has crossed below 100SMA and 100SMA has crossed below 200 SMA after 20 days, there has been a start of a downtrend for BTC. If 50MA exceeds 200MA in the current situation, BTC could be lower.
Comment:
Vertical red lines are the points where 100MA has crossed 200MA and the market has become bearish. Every time the 50SMA crossed the 100SMA and the 100SMA crossed the 200 SMA marked with a green line, there was a start of an uptrend for BTC except for one that I highlighted with the blue line.
Comment:
If the market stays above 200MA from June to AUG 2013 and 50MA exceeds 100MA, prices of $ 70,000, $ 74,000, 80,000, 94,000 and $ 100,000 will be available.
Comment:
Correction of the analysis: Until 26 JULY 2021, if Bitcoin 100 MA exceeds 200MA, it is a bear market, and if 50MA exceeds 100MA, the market will continue to rise.
Comment:
50sma cossed down 200ma 1D
target btc 3100,3000,27200,24000
target btc 3100,3000,27200,24000