$BTC Bear Market & EMA21 💡
One thing I keep watching during Bitcoin bear markets is the 21 Week EMA.
Historically, this level has acted like a ceiling whenever the market enters a prolonged downtrend. BTC can bounce, momentum can look strong and bulls can start feeling confident again but the real test comes when price reaches the 21W EMA.
Look at the p
revious bear markets. In 2018 and 2022, BTC repeatedly bounced toward the EMA21, only to get rejected. The market never managed to establish 3 consecutive weekly closes above it until the trend was actually changing.
And right now, the same structure is worth paying attention to.
The 21W EMA is sitting around $69.3K.
So yes, BTC could push higher from here. But unless we reclaim this level and hold above it with multiple weekly closes, I’d be careful about calling this a new bull trend.
For me, $69.3K is the line in the sand.
Until BTC proves otherwise, the broader structure still looks bearish.
And if history rhymes again, the market may have another painful phase ahead before a real bottom forms.
Bounces are not confirmation.
Structure is.
#BTC #Write2Earn
One thing I keep watching during Bitcoin bear markets is the 21 Week EMA.
Historically, this level has acted like a ceiling whenever the market enters a prolonged downtrend. BTC can bounce, momentum can look strong and bulls can start feeling confident again but the real test comes when price reaches the 21W EMA.
Look at the p
revious bear markets. In 2018 and 2022, BTC repeatedly bounced toward the EMA21, only to get rejected. The market never managed to establish 3 consecutive weekly closes above it until the trend was actually changing.
And right now, the same structure is worth paying attention to.
The 21W EMA is sitting around $69.3K.
So yes, BTC could push higher from here. But unless we reclaim this level and hold above it with multiple weekly closes, I’d be careful about calling this a new bull trend.
For me, $69.3K is the line in the sand.
Until BTC proves otherwise, the broader structure still looks bearish.
And if history rhymes again, the market may have another painful phase ahead before a real bottom forms.
Bounces are not confirmation.
Structure is.
#BTC #Write2Earn