ThreeCT

ThreeCT Updated 

Possibility of a prolonged cycle for BTC, given the possible cross of the 50 & 200 SMA

ThreeCT

If we can manage to close the day above the 200D Moving Average, that would make the case for a prolonged bull market that much stronger. We still have a challenge area around the 50K though, but let's take it one level at a time!

ThreeCT

In this scenario, the 50 & 200 SMA do not cross, and the cycle continues as "normal" with a peak somewhere at the end of 2021