🚨 $BTC closed below the 50-week Moving Average for the first time in 2 months.
Now there are two possible scenarios:
1️⃣ If Bitcoin moves back above the 50-week MA this week, it could be a fake breakdown that scared traders into selling.
2️⃣ If Bitcoin closes below the 50-week MA again next week, the price could drop toward the low $60K area.$JCT
#BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #BTC #alert
Now there are two possible scenarios:
1️⃣ If Bitcoin moves back above the 50-week MA this week, it could be a fake breakdown that scared traders into selling.
2️⃣ If Bitcoin closes below the 50-week MA again next week, the price could drop toward the low $60K area.$JCT
#BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #BTC #alert
