As you can see the PINK line is the 140 SMA on the daily time frame. It holds a lot of weight.
Bitcoin is currently on a downtrend even on the weekly which always results in a big drop, and we are just holding support on the 140 DMA.
If you see a drop below and specially a closure, you can expect a minimum of 10% drop.
Bitcoin is currently on a downtrend even on the weekly which always results in a big drop, and we are just holding support on the 140 DMA.
If you see a drop below and specially a closure, you can expect a minimum of 10% drop.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.