people keep asking me if this is "the" bull run starting or just another fakeout, and honestly the answer is sitting right there on the chart
$BTC btc pushing above $80k is nice, sure, it shook off a heavy stretch of selling and cooled off volume finally started heating up again. but that's not the level that matters long term
the level that actually matters is the 2-year moving average, right around $88,761. historically that line has been the real gatekeeper between "market is recovering and market is officially trending up
so instead of getting excited off one green move, watch what happens when price actually touches that number. does it get rejected again like it has before, or does it finally close above and hold
that reaction is going to tell you more about the next few months than anything else on this chart.
what do you think, does btc make it this time or do we see one more fakeout first? #BTC
$BTC btc pushing above $80k is nice, sure, it shook off a heavy stretch of selling and cooled off volume finally started heating up again. but that's not the level that matters long term
the level that actually matters is the 2-year moving average, right around $88,761. historically that line has been the real gatekeeper between "market is recovering and market is officially trending up
so instead of getting excited off one green move, watch what happens when price actually touches that number. does it get rejected again like it has before, or does it finally close above and hold
that reaction is going to tell you more about the next few months than anything else on this chart.
what do you think, does btc make it this time or do we see one more fakeout first? #BTC
