Bitcoin Price “D-Day” to Start Any Moment?
Was $30K a “hefty discount” and not the doom-and-gloom so many erroneously have stated? I believe so as we should see some major moment upwards very soon
Bitcoin price D-Day starts ‘any moment,’ says trader, as BTC reclaims key level
“Bitcoin’s 50-week exponential moving average (WEMA) is back as support despite overall lower levels, and historically, this has been a key bull flag.
‘In a sustained bull market, you can have a crash period which is very deep, but as long as this crash period maintains itself above this indicator of bullish momentum, the 50 WEMA, we can have that bullish momentum preserved and the price rally can actually continue afterwards,’ he explained in a YouTube update on Monday.
As such, $30,000 may simply have been a ‘really hefty discount’ rather than a bearish watershed for Bitcoin.”