In the two previous bull cycles, BTC has tested the 20W SMA as support. In 2013, it tested it only once but the correction to the support line was quite substantial. In 2017, the support line was tested multiple times and the corrections were not *as* big.
We have yet to test the bull market support line which currently sits just above $34k.
I am bullish for BTC but I am expecting we test this support line. When we do is anyones guess.
I would love to hear your thoughts on this.
- JC
We have yet to test the bull market support line which currently sits just above $34k.
I am bullish for BTC but I am expecting we test this support line. When we do is anyones guess.
I would love to hear your thoughts on this.
- JC