The last time Bitcoin found support here after bear market was the start of the last bull market.
Seen here is the last time it went Below 21 MA before having nearly a 2 year bull run. Since the last bull market ended Bitcoin has not been able to find support at the level.
Seen here is Bitcoin finding support at 21 MA 5 times after breaking it for the last time.
After the 5th bounce the ride to 20K the is on the minds of many.
Bitcoin must close above 8455 this week and start a leg up from here to confirm this.
Seen here is the last time it went Below 21 MA before having nearly a 2 year bull run. Since the last bull market ended Bitcoin has not been able to find support at the level.
Seen here is Bitcoin finding support at 21 MA 5 times after breaking it for the last time.
After the 5th bounce the ride to 20K the is on the minds of many.
Bitcoin must close above 8455 this week and start a leg up from here to confirm this.
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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.