Scroll back to 2015 to find the location!
The 200-Day Moving Average and 128-Day Moving average on the weekly has been taken as a reference for the analysis.
Fact: Bitcoin did not even test the 128-Day Moving Average before. Moving on, it is likely that we can expect another huge pullback to the 128-Day moving average around $6800. However, the market is completely bullish at the moment.
The difference between the previous bear markets and ones before it that this bear market was squeezed to a very short interval.
Anyway, if we break below the 128-Day Moving Average. We can expect a to-and-fro between 128-Day and 200-Day moving average for a while until it's over.
The 200-Day Moving Average and 128-Day Moving average on the weekly has been taken as a reference for the analysis.
Fact: Bitcoin did not even test the 128-Day Moving Average before. Moving on, it is likely that we can expect another huge pullback to the 128-Day moving average around $6800. However, the market is completely bullish at the moment.
The difference between the previous bear markets and ones before it that this bear market was squeezed to a very short interval.
Anyway, if we break below the 128-Day Moving Average. We can expect a to-and-fro between 128-Day and 200-Day moving average for a while until it's over.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.