#BitcoinBreaksBelow200WeekMovingAverage
🕯️ 6 Red Weeks in a Row? BTC Sits 1.7% Under Its 200W Line
Bitcoin stayed below its 200-week average overnight, so the line is now a weekly-close test, not just a wick.
📉 BTC ~$66.8K vs a 200-week SMA of ~$67,990
📊 -22.8% from the Oct 5 weekly open of $86,530
📅 5 straight red weekly closes, this week -10.7% so far
⚠️ Fear & Greed at 13, Extreme Fear
My read: one weekly close under the line is a warning, not a verdict. Two in a row would matter more.
Sunday's UTC weekly close: back above $68K or a 6th red candle? 👇
$BTC
#BitcoinBreaksBelow200WeekMovingAverage #Bitcoin #CryptoMarket
🕯️ 6 Red Weeks in a Row? BTC Sits 1.7% Under Its 200W Line
Bitcoin stayed below its 200-week average overnight, so the line is now a weekly-close test, not just a wick.
📉 BTC ~$66.8K vs a 200-week SMA of ~$67,990
📊 -22.8% from the Oct 5 weekly open of $86,530
📅 5 straight red weekly closes, this week -10.7% so far
⚠️ Fear & Greed at 13, Extreme Fear
My read: one weekly close under the line is a warning, not a verdict. Two in a row would matter more.
Sunday's UTC weekly close: back above $68K or a 6th red candle? 👇
$BTC
#BitcoinBreaksBelow200WeekMovingAverage #Bitcoin #CryptoMarket
