As you can see from this long term chart on Bitcoin, it has the vast majority of its life ABOVE the 200 EMA ( Yellow)
In the week of 13th June 2022, the unthinkable happened and PA dropped below it and many believed that was it, BTC was Dead
For the last few Weeks, PA has been banging up against it and This week, PA has fully broken above. On the USDT chart, PA has remained positive above it while on this USD index chart, it has only Wicked up but the weekly candle is not closed yet.
Not only This but Bitcoin PA has slowly and Surely been taking back the losses incurred by the unprofessional in the space with the collapse of various organisations, like FTX.
Bitcoin is waking up but do not start running, this is just the start, we have a way to go yet and there are HUGE fundamentals that will continue to hammer recovery but World Wide Sentuiment is STRONG - Note the world WORLD WIDE - THAT is what makes Bitcoin Strong.
In the week of 13th June 2022, the unthinkable happened and PA dropped below it and many believed that was it, BTC was Dead
For the last few Weeks, PA has been banging up against it and This week, PA has fully broken above. On the USDT chart, PA has remained positive above it while on this USD index chart, it has only Wicked up but the weekly candle is not closed yet.
Not only This but Bitcoin PA has slowly and Surely been taking back the losses incurred by the unprofessional in the space with the collapse of various organisations, like FTX.
Bitcoin is waking up but do not start running, this is just the start, we have a way to go yet and there are HUGE fundamentals that will continue to hammer recovery but World Wide Sentuiment is STRONG - Note the world WORLD WIDE - THAT is what makes Bitcoin Strong.