Bitcoin
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🔥 Bitcoin 100 & 200-week Moving Average: Capitulation Expected

In today's BTC analysis I want to take a look at the relationship between the price of Bitcoin and it's 100- and 200-week moving averages.

Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.

2014 bear market
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2018 bear market
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Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.

The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.

🔥 Bitcoin's Capitulation Expected: Bear-Market Low Target
Chart PatternsTechnical IndicatorsTrend Analysis

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