First time the 50 week MA has moved below the 200
This is Bitcoin's first crossing of the 50 week Moving Average below the 200 week Moving Average, during its history.
The last time we came close was just prior to the 2016-17 bull run. The difference then is that it never moved below.
Could this act as a catalyst to recover back above the 200 week MA, and become bullish, or is this signs an extended bear market may be in store?
The last time we came close was just prior to the 2016-17 bull run. The difference then is that it never moved below.
Could this act as a catalyst to recover back above the 200 week MA, and become bullish, or is this signs an extended bear market may be in store?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.