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BTC Market Crash or Re-Test of 20-Week?
After covering the negative case on the daily chart, it's worth noting the bullish case on the weekly chart.
The rapidity of today's decline is troublesome, but if you zoom out to the 20-week moving average, investors with a longer timeframe may find cause for optimism.
If this week closes below the 20-week moving average, basically all signals are bearish, but if it can hold the 20-week moving average, an investor could make a case that the long-term bull market for BTC is still intact.
The rapidity of today's decline is troublesome, but if you zoom out to the 20-week moving average, investors with a longer timeframe may find cause for optimism.
If this week closes below the 20-week moving average, basically all signals are bearish, but if it can hold the 20-week moving average, an investor could make a case that the long-term bull market for BTC is still intact.
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