#BTC
Price 77K; the 200-week moving average is at 65K.
Historically, whenever the price reaches this line or breaks below it, it corresponds to the bottoming area of the cycle.
This pattern holds in 2015, 2019, and 2022.
But there are two ways to move away from the moving average: either price falls to touch it, or the moving average gradually rises.
The former is a deep pullback, and the latter is trading time for space.
Price 77K; the 200-week moving average is at 65K.
Historically, whenever the price reaches this line or breaks below it, it corresponds to the bottoming area of the cycle.
This pattern holds in 2015, 2019, and 2022.
But there are two ways to move away from the moving average: either price falls to touch it, or the moving average gradually rises.
The former is a deep pullback, and the latter is trading time for space.
