đ #bitcoin Flashes 2022-Style Bearish Signal
Bitcoin has just printed a bearish crossover on the weekly chart, with the 21-week EMA crossing below the 50-week EMA â a signal last seen in April 2022.
đ Historically, this crossover preceded a prolonged bear phase, with BTC taking ~7 months to find a macro bottom.
đ„ Adding to the caution, $BTC vs. Silver is now trading near levels seen during the 2022 #FTX crash, suggesting relative weakness despite gains in USD terms.
đ§ Bottom line:
Technical and inter-market signals are starting to resemble 2022 conditions. Caution and risk management are key.
â ïž Not financial advice. DYOR.
Do you think we are entering a new bear market or is it just a correction within the cycle? đ
Bitcoin has just printed a bearish crossover on the weekly chart, with the 21-week EMA crossing below the 50-week EMA â a signal last seen in April 2022.
đ Historically, this crossover preceded a prolonged bear phase, with BTC taking ~7 months to find a macro bottom.
đ„ Adding to the caution, $BTC vs. Silver is now trading near levels seen during the 2022 #FTX crash, suggesting relative weakness despite gains in USD terms.
đ§ Bottom line:
Technical and inter-market signals are starting to resemble 2022 conditions. Caution and risk management are key.
â ïž Not financial advice. DYOR.
Do you think we are entering a new bear market or is it just a correction within the cycle? đ
