Zooming out to look at the 1 Week chart, Currently we can see that BTC is sitting on the MA50. In the previous instances of 1W MA50 being breached to the downside, BTC headed down to touch, and in intraweek trading, head below the MA200.
As the most recent parabolic advancement has been violated, I believe a MA50 breach would entrench a long term bear market that could send BTC eventually down to MA200 levels.
Just an Idea.
***THIS IS NOT FINANCIAL ADVICE***
As the most recent parabolic advancement has been violated, I believe a MA50 breach would entrench a long term bear market that could send BTC eventually down to MA200 levels.
Just an Idea.
***THIS IS NOT FINANCIAL ADVICE***