DEATH CROSS!
I strongly believe this short-term run will top out around $23,200-25,000 touching the 200-day ema.
If the 50-day ema crosses over the 200-day it is called a DEATH CROSS, my targets haven't changed.
These short-term runs are driven by FOMO and liquidation.
if this does play out it will be the last bearish movement for bitcoin.
--------------------------------TARGETS-----------------------------------------
$16,000
$14,000
$11,000
This is a similar chart from 2018 if you are interested,
cryptopotato.com/what-is-a-death-cross-and-whats-the-relation-to-btc-breaking-down-from-the-6k-area-in-2018/
Thank you for reading :)
If the 50-day ema crosses over the 200-day it is called a DEATH CROSS, my targets haven't changed.
These short-term runs are driven by FOMO and liquidation.
if this does play out it will be the last bearish movement for bitcoin.
--------------------------------TARGETS-----------------------------------------
$16,000
$14,000
$11,000
This is a similar chart from 2018 if you are interested,
cryptopotato.com/what-is-a-death-cross-and-whats-the-relation-to-btc-breaking-down-from-the-6k-area-in-2018/
Thank you for reading :)
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