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