DEATH CROSS!
I strongly believe this short-term run will top out around $23,200-25,000 touching the 200-day ema.
If the 50-day ema crosses over the 200-day it is called a DEATH CROSS, my targets haven't changed.
These short-term runs are driven by FOMO and liquidation.
if this does play out it will be the last bearish movement for bitcoin.
--------------------------------TARGETS-----------------------------------------
$16,000
$14,000
$11,000
This is a similar chart from 2018 if you are interested,
cryptopotato.com/what-is-a-death-cross-and-whats-the-relation-to-btc-breaking-down-from-the-6k-area-in-2018/
Thank you for reading :)
If the 50-day ema crosses over the 200-day it is called a DEATH CROSS, my targets haven't changed.
These short-term runs are driven by FOMO and liquidation.
if this does play out it will be the last bearish movement for bitcoin.
--------------------------------TARGETS-----------------------------------------
$16,000
$14,000
$11,000
This is a similar chart from 2018 if you are interested,
cryptopotato.com/what-is-a-death-cross-and-whats-the-relation-to-btc-breaking-down-from-the-6k-area-in-2018/
Thank you for reading :)
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.