Bitcoin: Drop Below 200E Average
"If we go below the 200E moving average, we get a repeat of 2021 and that means that Bitcoin goes down about 30%."
ℹ️ In shortIf Bitcoin falls below its 200-week moving average, it could trigger a 30% price drop, similar to what happened in 2021.
This prediction is awaiting verification.
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For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… it until eventually we finally broke above it only 504 days later or about a year a year and a half later. So, that white line, the 200week moving average is quite a a key line. Now, right now, if you look at Bitcoin, Bitcoin is between the 200E moving average and the bull and bare market support bands. Now, why that is such a key level is because if we go below the 200E moving average, we get a repeat of 2021 and that means that Bitcoin goes down about 30%. Now, I just want to show you what that means when you actually look at the chart. So, that's the chart and you say Bitcoin down about 30% from here. Uh, let's go down all the way 30% from here. So that's okay. So that that takes us to about 45,000. I want you to keep that number in your head, that 45,000 number in your head. That's what happens if …
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