has the bottom already been reached?
In both 2015 and 2018, the price of BTC bottomed out exactly in the week where the 20 MA crossed the 100 MA on the weekly chart. In both cases, the 50 MA also crossed the 100 MA and this was a confirmation of the bottom imo. In both cases, RSI was below 30 and at their all-time lows.
In the week of June 13, 2022, the 20 MA crossed the 100 MA. The 50 MA is also about to cross the 100 MA in a few weeks. Even now, the RSI is below 30. In fact, it is now at its all-time low.
In the past these were the best times to buy, would history repeat itself?
Also on the 4D chart, both on 13 june 2015 and 25 january 2019, the 50 MA death crossed the 200 MA. Back then, this was also a sign of the end of the bear market for BTC. In about 3 to 4 weeks, we will see the same death cross on the 4D chart.
BTC has never wicked below the 300 MA. Will this bear market be the same, or will the price go under the 30 MA.
It will be interesting to see what happens in the next few weeks and months.
In the week of June 13, 2022, the 20 MA crossed the 100 MA. The 50 MA is also about to cross the 100 MA in a few weeks. Even now, the RSI is below 30. In fact, it is now at its all-time low.
In the past these were the best times to buy, would history repeat itself?
Also on the 4D chart, both on 13 june 2015 and 25 january 2019, the 50 MA death crossed the 200 MA. Back then, this was also a sign of the end of the bear market for BTC. In about 3 to 4 weeks, we will see the same death cross on the 4D chart.
BTC has never wicked below the 300 MA. Will this bear market be the same, or will the price go under the 30 MA.
It will be interesting to see what happens in the next few weeks and months.
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