Bitcoin’s 50-week moving average is rolling over fast, and the structure is starting to resemble the summer of 2022.
With the slope approaching -45°, the broader trend still looks bearish. Unless BTC can reclaim this average, one more major downside move may be needed before the bear market finally reaches its bottom. 📉
$BTC
With the slope approaching -45°, the broader trend still looks bearish. Unless BTC can reclaim this average, one more major downside move may be needed before the bear market finally reaches its bottom. 📉
$BTC