🚀 This time it's different! 📊
Not anymore, I will break it down for you with one simple indicator! 55 Period SMA in monthly.
🔹 Bitcoin broke below the legendary support trendline and the 55 SMA on the monthly chart.
🔹 3 consecutive monthly candles closed below the SMA in the months of October, November, and Dec 2022, which eventually made Analysts more bearish, predicting a lower bottom.
🔹 But guess what? Bitcoin bounced back! 🙌
🔹 It's now above the trendline support and the 55 SMA on the monthly chart.
📈 Check out the chart—it's shouting 'HOLD ME!' 💪
🔹 "The monthly candle is set to close in 2 hours, and it's likely to close above this Moving Average. This confirms that a bullish rally is on the horizon.
🔹 Current SMA level: $24,900, our recent bottom.
Does it look different? I would love to know your thoughts!
DYOR, NFA.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Not anymore, I will break it down for you with one simple indicator! 55 Period SMA in monthly.
🔹 Bitcoin broke below the legendary support trendline and the 55 SMA on the monthly chart.
🔹 3 consecutive monthly candles closed below the SMA in the months of October, November, and Dec 2022, which eventually made Analysts more bearish, predicting a lower bottom.
🔹 But guess what? Bitcoin bounced back! 🙌
🔹 It's now above the trendline support and the 55 SMA on the monthly chart.
📈 Check out the chart—it's shouting 'HOLD ME!' 💪
🔹 "The monthly candle is set to close in 2 hours, and it's likely to close above this Moving Average. This confirms that a bullish rally is on the horizon.
🔹 Current SMA level: $24,900, our recent bottom.
Does it look different? I would love to know your thoughts!
DYOR, NFA.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
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