Cryptorphic

#BTCUSDT Very Important Update.

BITSTAMP:BTCUSD   Bitcoin
Welcome to this extensive analysis everyone.
We have been nailing every single Bitcoin Update this year.
Hope you are following me on all our social platforms.
Now, let's get to the chart!

Bitcoin is currently trading right below the 200 WMA.
This weekly closed right below it.
Probably you have seen this chart before but I just want you to understand that this is very important for BTC to break and close above this MA.
It has always been the Bear Market bottom indicator and currently, it's the resistance we need to break through.
If BTC wants to start the rally, It should break in in Q1 of 2023.
We just have a month left for that.
Meaning 4 more candles.
Unless that happens I won't be doing too much leverage trading and stay mostly in BTC and Stables.
Lower Support lies between $19.8k and $20.3k.

MY NEXT UPDATE WILL BE ABOUT TEH ALTCOINS.
Make sure you follow me to avoid missing the same!

What's your plan?
Have you decided yet?
Let me know in the comment section.
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Thank you.

#PEACE

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