BTC Bull Market Support Line
In the two previous bull cycles, BTC has tested the 20W SMA as support. In 2013, it tested it only once but the correction to the support line was quite substantial. In 2017, the support line was tested multiple times and the corrections were not *as* big.
We have yet to test the bull market support line which currently sits just above 34k.
I am bullish for BTC but I am expecting we test this support line. When we do is anyones guess.
I would love to hear your thoughts on this.
- JC
We have yet to test the bull market support line which currently sits just above 34k.
I am bullish for BTC but I am expecting we test this support line. When we do is anyones guess.
I would love to hear your thoughts on this.
- JC
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.