Looking at BTC on the daily, you can see that the 20 and 50 day moving averages crossed a few days ago. On the cart you can see it happened back at January 22nd. What happened there was a small rise of 10% then a massive fall of 50%. If it was to happen again like it did back in January. We should see a price of around $9400 then a massive fall to $3200. The price of $9400 is interesting because it would also be in line with the VWAP from the highest price this year on January 5th, the price does not usually go over that, if it does it does not go over it by much. Not saying it will happen I am just posting this to see if it does happen.
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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.