Since most of you must be feeling like crap, I missed this rally!
It was too quick to catch.
We missed it too.
Pay attention to this chart if you feel like FOMO.
BTC is hitting the 200WMA which has always been the bear market support in the last few cycles.
This time we broke below it last year and now it's acting as a resistance.
We need to clear this on a weekly chart.
So zoom out and understand that these Pumps won't matter much if BTC is going to hit $100k+ in the next 2 years.
Conclusion:- Bitcoin needs to close above this MA in a weekly chart for the confirmation of a stable rally towards $30k and even $40k by the end of 2023.
Do not long the resistance.
I am not Bearish am talking logic here.
Always DYOR, This is not financial advice.
It was too quick to catch.
We missed it too.
Pay attention to this chart if you feel like FOMO.
BTC is hitting the 200WMA which has always been the bear market support in the last few cycles.
This time we broke below it last year and now it's acting as a resistance.
We need to clear this on a weekly chart.
So zoom out and understand that these Pumps won't matter much if BTC is going to hit $100k+ in the next 2 years.
Conclusion:- Bitcoin needs to close above this MA in a weekly chart for the confirmation of a stable rally towards $30k and even $40k by the end of 2023.
Do not long the resistance.
I am not Bearish am talking logic here.
Always DYOR, This is not financial advice.
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