Bitcoin Price Stays on 200-Week Moving Average

avatar

Bitcoin price couldn't break up 32K where 100-week moving average is. Even It couldn't break up this resistance, Bitcoin seems still bullish. But It is still being traded on critical level...

I shared lots of analysis for Bitcoin might be entered bearish season again. But There is a few good points shows us Bitcoin is still on bullish trends.

Here you can see daily chart of Bitcoin and Bitcoin price is still on 200-Week moving average. It is one of the last castle for Bitcoin not to enter bearish season..

Ekran Resmi 2023-05-30 23.06.03.png

Even It stays on 200-week moving average, MACD Indicator will be reversed in a few weeks. It will be solid bearish signal for Bitcoin..

Ekran Resmi 2023-05-30 23.18.20.png

There is only a few things support Bitcoin for bullish season. So, Summer may be bearish for Bitcoin. Sell in May and go away will be true for Bitcoin...

We will see..

leofinance bitcoin proofofbrain neoxian cent ctp posh vyb palnet analysis
0
0
0.000
1 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 158 of my contest just started...you can now check the winners of the previous week!
4

0
0
0.000
Reply