Last time BTC crashed below the 200 SMA on the 4hr chart it quickly recovered above the 200 SMA and began its monstrous bull run in a new cycle.
BTC has fallen below the 200 SMA again and if it follows the same pattern as ast time we can expect BTC to recover above the 200 SMA soon, likely in the next couple candle sticks. Both selloffs look similar to me, I expect a similar recovery.
BTC has fallen below the 200 SMA again and if it follows the same pattern as ast time we can expect BTC to recover above the 200 SMA soon, likely in the next couple candle sticks. Both selloffs look similar to me, I expect a similar recovery.
Note
In dollar terms, target is 13k
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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.