Bull or Bear? One simple indicator that says it all

3 thg 6, 2021

Look back at the history of bitcoin. Never ever has 50 SMA turned down so dramatically during a bull run. It may have flattened at times but the general direction has always been up. Sure, there is a first time for everything and it can reverse and turn back up, but for now this doesn't look very bullish to me. I am not saying that btc has entered a bear market as of yet, but in order to start a new uptrend some things must reverse the current trend. Wouldn't you agree, or am i blowing dixie out of my a-hole? :))
Please let me know what you thing in the comment section.
Thanks!