BTCusdt
Bitcoin rallied to the 50-week trend line in 2019 after breaking the 20-week trend line.
This weekly correction was after hitting the 50-week moving average and then easily broke the 100-week moving average.
Of course, that year the moving average was at the bottom of 200 weeks and supported Bitcoin.
Now it can move up to the moving average of 200 and there it might correct because it has a long way to go before the moving average of 50 weeks
and now touch this old trend line
you can see on chart
https://www.tradingview.com/chart/BTCUSDT/XgX1MgeO-BTCUsdt-Battle-with-old-trend-line/
This weekly correction was after hitting the 50-week moving average and then easily broke the 100-week moving average.
Of course, that year the moving average was at the bottom of 200 weeks and supported Bitcoin.
Now it can move up to the moving average of 200 and there it might correct because it has a long way to go before the moving average of 50 weeks
and now touch this old trend line
you can see on chart
https://www.tradingview.com/chart/BTCUSDT/XgX1MgeO-BTCUsdt-Battle-with-old-trend-line/
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