Right now after breaking some major supports of different moving averages, BTC is testing the weekly 21 Moving average that is coming in around 42000. to confirm the BTC short term bearish mode, BTC has to close the weekly candle below 42000. and to stay somewhat bullish then BTC has to close the weekly candle above 43500 up tp 44200. If BTC breaks the 21 weekly perfectly at closing then it is very likely to see 38000 down to 33000.
In history it has been seen, whenever BTC breaks the weekly 21 moving average perfectly then a short-term bearish market has started for up to 2 months to 3.
In history it has been seen, whenever BTC breaks the weekly 21 moving average perfectly then a short-term bearish market has started for up to 2 months to 3.