Closing the weekly candle below MA50 may lead to a long painful winter.
We never closed weekly BTC below MA50 since May 2020 where it just broke out over the MA50 and revisited it to retest support.
When this happened after 2017 bull run, BTC dropped 23% in 4 weeks, and went into a bear run of 250 days, losing 56% of its value. (From the point of crossing the MA50)
We never closed weekly BTC below MA50 since May 2020 where it just broke out over the MA50 and revisited it to retest support.
When this happened after 2017 bull run, BTC dropped 23% in 4 weeks, and went into a bear run of 250 days, losing 56% of its value. (From the point of crossing the MA50)
