🚨 #BITCOIN JUST FELL BELOW THE MOST IMPORTANT LINE IN ITS HISTORY.
The 200-week average: $67,990.
Sunday night's weekly close decides what happens next.
June 2022: Bitcoin closed a week below it at $20,553.
It spent most of the next 9 months under the line and bottomed at $15,479.
This summer: 3 weekly closes below it.
Each time, Bitcoin was back above within a week.
So which one is this?
Another 1-week fakeout, or 2022 all over again? 👇
#VJAnalysis
The 200-week average: $67,990.
Sunday night's weekly close decides what happens next.
June 2022: Bitcoin closed a week below it at $20,553.
It spent most of the next 9 months under the line and bottomed at $15,479.
This summer: 3 weekly closes below it.
Each time, Bitcoin was back above within a week.
So which one is this?
Another 1-week fakeout, or 2022 all over again? 👇
#VJAnalysis
