UltimateWin

UltimateWin

This is the correct snapshot of the chart.

UltimateWin

Closing the weekly candle below MA50 may lead to a long painful winter. We never closed weekly BTC below MA50 since May 2020 where it just broke out over the MA50 and revisited it to retest support. When this happened after 2017 bull run, BTC dropped 23% in 4 weeks, and went into a bear run of 250 days, losing 56% of its value. (From the point of crossing the MA50)

UltimateWin

We have enough factors to believe that BTC will break the longtime support level of 30k. - The market sentiment is bearish. - The exchange inflows are on the rise. - Resistance are not being tested enough unlike the support levels. - The volume of trading for the last couple of weeks has been low, indicating a lack of interest from bulls. - BTC made 3 lower highs...