BTC currently trading at $21000 And Went down to $20,000
As per chart 200 Days Moving Average is around $22358
As per Previous History 200 Days Moving average in Monthly chart is Very Important.
BTC never Trade below in Line Chart. Currently trading below 200 Days Moving Average.
So There are Two Scenarios:-
1st:- Price may Strong Bounce from here toward $28000 below 200 Days Strong support and Weekly RSI almost Oversold. So 20k-21k is also Good Entry If Hold 20k Level.
And
2nd Scenario:- If Price Go below Side then $12200 is also Strong support so 2nd Entry will be around $12000
If Price Bounce then :- $21,000 -> $28000 -> $12200
But Not sure about Entry 2 but if dip then don’t miss to Buy huge here.
Now Every Big Dip mean Buying Opportunities for Long Run.
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