Weekly Close of Bitcoin Price is Below 200-Week Average

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This year was first time to see weekly close of Bitcoin price below 200-week average. After closing below this mega support line, Bitcoin price went up in a few weeks but didnt close two week above 200-week average...

Ekran Resmi 20220904 21.01.20.png

The height of weekly candle is too short. Bitcoin price may take stable until FOMC meeting. It will be the most important for all markets. I believe that good signals will come...

Here you can see the incdicators on weekly Bitcoin price chart. There are same resistance lines.. It will be broken up one week. It will be the beginning of bullish season.

Ekran Resmi 20220904 21.08.38.png

We will see..

Posted Using LeoFinance Beta

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(Edited)

Wow that chart looks really ugly, I think a huge drop is coming with measured move targets down to 10k! We'll see but BTC is DEAD RIP BTC! 🪦🪦🪦

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idk in my opinion it could go down as well, the inflation is still so rough and it doesn't look like a clear pattern.

but everything can happen in the crypto market

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