Be prepared for the next BITCOIN moves

As you can see, Bitcoin has hit the 21-50 moving average crossover line on a weekly timeframe. As we know, if Bitcoin gets stuck here and actually creates a reversible price action mode, we will most likely see a hefty drop to the $30,000 or even $ 20,000 channel. The worst-case scenario is that this weekly candle is closed as it is, and a new candle is created under it. In this case, we will have a fall to the previous floor.

I'm not saying 100% of this happens. If the candlestick closes like this and we see the following red candlestick, BTC will fall sharply.

But it is still possible that the candlestick will turn green and stabilize around $ 50,000 after cutting the MA lines. So, in this case, next week will be green and moving upwards.

Comment:

On a daily timeframe, The situation is not very good. But in this time frame, it seems that Bitcoin has the support of MA 50 and 21. In general, everything depends on the closing form of the weekly candle. BTC will determine the situation in another day and a half.

Many of you have asked where Bitcoin is safe.
I have to say that if Bitcoin stabilizes above $50,000, you can be sure that the total market cap of the market will go up one trillion.

So we have a total of 2 scenarios right now. The first is to close the weekly candle and the next weekly candle to start red, in which case we will have a sharp fall. In the second scenario, if Bitcoin can open the new week candle green and high, I do not want to say we will have a lot of climbs, but it can play in that high range. So let's wait and see what happens. Now is a good time to hold on, and we are now in a state of instability.

Comment: