Bitcoin's price just broke below the weekly MA200.
- But last time it broke the MA200, it usually dipped around 30% more before hitting the bottom.
=> Assuming this time it also drops an additional 30% from the weekly MA200, the price would be around 40K.
However, what happened in the past isn't guaranteed to happen now. So, this is just one angle to consider.
#BTC #Bitcoin #MA200 $BTC
- But last time it broke the MA200, it usually dipped around 30% more before hitting the bottom.
=> Assuming this time it also drops an additional 30% from the weekly MA200, the price would be around 40K.
However, what happened in the past isn't guaranteed to happen now. So, this is just one angle to consider.
#BTC #Bitcoin #MA200 $BTC