🔥 Watch These Make Or Break Bitcoin Moving Averages 🚨

Historically speaking, the 200-week moving average was always the main support for BTC and has marked the bottom on 4 different occasions.

As of this cycle, things have changed. The 300-week was the main support during the COVID dump and indicated an important area during the FTX collapse.

In previous analyses I've stated that I think BTC will likely go down over the next few months. My main target is 20.000, which coincides with the 300-week SMA support area.

If 20.000 fails to hold, my next big support area is the FTX low, which should be around the 400-week SMA.

Put these moving averages on your chart to get a good overview of historically important areas of support and resistance.