And this is the same range I marked with the red arrow.
Look at what happened in 2022: Bitcoin briefly moved above the 50WMA, creating a similar false confirmation. Shortly after, we saw a major crash, followed by the eventual true cycle bottom.
The current setup is developing in a very similar area.
So, while for you this may be confirmation that the bull run has started, for me, it’s confirmation that the major crash is still ahead.
$BTC
Look at what happened in 2022: Bitcoin briefly moved above the 50WMA, creating a similar false confirmation. Shortly after, we saw a major crash, followed by the eventual true cycle bottom.
The current setup is developing in a very similar area.
So, while for you this may be confirmation that the bull run has started, for me, it’s confirmation that the major crash is still ahead.
$BTC
