Bitcoin | Back To Basics: MA200
The black line on the chart stands for MA200. We are going back to basics.
➖ In early 2023, Bitcoin was bearish below MA200.
As soon as Bitcoin moved above MA200 in mid-January 2023 we entered a bull-market.
Bitcoin traded above MA200 until early July 2024.
➖ Bitcoin moved back above MA200 for a small while in late July and now remains permanently below MA200 in August 2024.
➖ As Bitcoin trades below MA200, the long-term bearish bias is confirmed.
👉 Bitcoin is now bearish based on this basic simple signal.
👉 As long as Bitcoin trades below MA200 ($63,679), the long-term bearish bias remains active.
Additionally:
1) Bitcoin remains bearish below $74,000 and aiming for lower highs.
2) Bitcoin remains strongly bearish below $70,000.
Namaste.
➖ In early 2023, Bitcoin was bearish below MA200.
As soon as Bitcoin moved above MA200 in mid-January 2023 we entered a bull-market.
Bitcoin traded above MA200 until early July 2024.
➖ Bitcoin moved back above MA200 for a small while in late July and now remains permanently below MA200 in August 2024.
➖ As Bitcoin trades below MA200, the long-term bearish bias is confirmed.
👉 Bitcoin is now bearish based on this basic simple signal.
👉 As long as Bitcoin trades below MA200 ($63,679), the long-term bearish bias remains active.
Additionally:
1) Bitcoin remains bearish below $74,000 and aiming for lower highs.
2) Bitcoin remains strongly bearish below $70,000.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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