Currently the BTC1! futures weekly candle is soon to close, It is important to note that it is currently a holiday weekend.
The 12 EMA is currently below the 100 EMA for the first time since December 2018
Last time this occurred, BTC experienced a 50-60% drop
BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest this macro support before or possibly after the halving?
only time will tell............
The 12 EMA is currently below the 100 EMA for the first time since December 2018
Last time this occurred, BTC experienced a 50-60% drop
BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest this macro support before or possibly after the halving?
only time will tell............
Note
The 26 EMA is about to cross below the 100 EMA more capitulation is coming soon.Note
Traditional market slid 2% so did Bitcoin
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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.