🚨 HISTORICAL LESSON FROM THE 2015 BITCOIN $BTC CYCLE
Back in 2015, $BTC printed a clean bullish expansion above the 21-Week EMA
Bulls celebrated the move, but price slammed straight into the 50-Week MA resistance
This rejection triggered a full retrace of the entire pump, sending price down to a lower low
Market liquidity is vastly higher today, so history doesn't have to repeat itself identical to 2015
However, if the 50-Week MA defense holds, market structure presents potential for another steep retrace before real expansion begins
Keep your eyes locked on the 50-Week MA
Follow + notifs on, I will keep you updated
$BTC
Back in 2015, $BTC printed a clean bullish expansion above the 21-Week EMA
Bulls celebrated the move, but price slammed straight into the 50-Week MA resistance
This rejection triggered a full retrace of the entire pump, sending price down to a lower low
Market liquidity is vastly higher today, so history doesn't have to repeat itself identical to 2015
However, if the 50-Week MA defense holds, market structure presents potential for another steep retrace before real expansion begins
Keep your eyes locked on the 50-Week MA
Follow + notifs on, I will keep you updated
$BTC
