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Bitcoin Weekly | Back To Basics Part 2: MA200
The black line on the chart stands for MA200. We are going back to basics.
➖ In October 2023 Bitcoin goes on a major bullish impulse after conquering MA200 as resistance.
Once the momentum of this impulse dries out, ends, the same level becomes relevant again but as support.
➖ Bitcoin is now going to test MA200 but instead of a bullish impulse, through a bearish-run.
This level now stands at $38,669. This would be the minimum price for Bitcoin to reach on this coming drop.
Namaste.
➖ In October 2023 Bitcoin goes on a major bullish impulse after conquering MA200 as resistance.
Once the momentum of this impulse dries out, ends, the same level becomes relevant again but as support.
➖ Bitcoin is now going to test MA200 but instead of a bullish impulse, through a bearish-run.
This level now stands at $38,669. This would be the minimum price for Bitcoin to reach on this coming drop.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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