This is a long-term analysis. Bitcoin should create a new price floor for the next climb. $ 24,000 and $ 20,000 are good supports for Bitcoin. The market can continue to be bullish until 2022-2023. Time will tell. TARGET BITCOIN 100,000 & 130,000
According to the chart, according to the past of the market, this price movement can be a stop hunter, after which the market will continue its upward trend.
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.