🚨🚨 Will Bitcoin ($BTC) rewrite history? 🚨🚨
In the last two bull market cycles, Bitcoin’s historical bottom formed near the 300-week moving average (300W MA).
📊 Current scenario:
$BTC price: ~$64,160
The 300W MA level: ~$53,000
If the price returns to test this zone, it could be the true launch point of the next bullish wave! 🚀₿
The question now: should we wait for one last panic move (Shakeout) before the next price explosion? 👀
Option 2: Technical & Professional Style (professional analytical approach)
📉 Bitcoin ($BTC) analysis: a look at historical indicators
Previous cycles have shown that Bitcoin’s major bottoms often form around the 300-week moving average.
Current price: $64,160
Support level (300W MA): ~$53,000
A move by the price into this zone may represent the final market purge before a new upward path begins. 🚀
Do you expect a retest of this level, or will the rally start from the current price? 👀
In the last two bull market cycles, Bitcoin’s historical bottom formed near the 300-week moving average (300W MA).
📊 Current scenario:
$BTC price: ~$64,160
The 300W MA level: ~$53,000
If the price returns to test this zone, it could be the true launch point of the next bullish wave! 🚀₿
The question now: should we wait for one last panic move (Shakeout) before the next price explosion? 👀
Option 2: Technical & Professional Style (professional analytical approach)
📉 Bitcoin ($BTC) analysis: a look at historical indicators
Previous cycles have shown that Bitcoin’s major bottoms often form around the 300-week moving average.
Current price: $64,160
Support level (300W MA): ~$53,000
A move by the price into this zone may represent the final market purge before a new upward path begins. 🚀
Do you expect a retest of this level, or will the rally start from the current price? 👀