spilkerBTC

Bitcoin Testing 200 Week MA

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
It's been a rough year for Bitcoin and crypto investors. However there is a lot of support here which could push BTC's price back upwards of 35k. Bitcoin's previous ATH was 20k and we are currently hovering right above those levels. We are testing the 200 week moving average which has been a reliable source of support throughout Bitcoin's history. I would guess a recovery from here, but it will take time. Some consolidation for a couple months until we really see the price start to reverse back upwards.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.