Bitcoin Price Should Go Above 200-Week Moving Average

Bitcoin price should go above great resistance where is 200-Week Moving Average. When Bitcoin price was about 30K, lots of investors waiting to touch 200-week average. Bitcoin price touched and broke down this support line. Lots of Investors filled their bags from 200-week average and they are in loss for a few weeks.

Bitcoin price should go above 200-week average to confirm the finish of downtrend.

This will be only moving average analysis without any indicators. Here is daily chart of Bitcoin and 50-day MA seemed as a resistance for Bitcoin for short term.

It is tested for first time after touching 200-day moving average. So, If bitcoin price reverse and try to break 2nd time, 200-day MA may be the main target!

We have so much time. Old Crypto Investors are patient and waiting to see stabilized moving averages...

We will see..

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