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farhadnmd

Bitcoin: A critical situation, Signs of a crash?

Bitcoin (COINBASE:BTCUSD)  
farhadnmd Updated   
COINBASE:BTCUSD   Bitcoin
Support and Resistance Fractal Moving Averages BTCUSD BTCUSDT BTC
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supportandresistance fractal movingaverage btcusd btcusdt btc
Bitcoin chart now is very similar to its fractal in June 2019 - March 2020. As we see the price hit the 200MA (Colored in blue) 2 times in recent years. I think IF it loses the crucial support at 34K - 36K it can touch the 200MA for the third time which will be a strong support for bitcoin at 20K

This analysis will be invalidated if the price closes a weekly candle above 50K
Comment:
snapshot
Potential Inverted Cup and Handle Pattern

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