How come no one seems to be taking notice of the fact that bitcoin is once again trading above its 200 day moving average?
It's not like this indicator is probably the most important one for bitcoin over the years, oh wait it is.
When bitcoin is above its 200 day moving average, it tends to stay that way for some time.
There have only been a handful of fake outs over the last decade or so.
(Source:
)https://twitter.com/AtlasPulse/status/1256644376803106822/photo/1
- AtlasPulse
Aside from that, look what it did when it went below it, it dropped more than $4k relatively quickly.
That was like a 50% drop.
A similar move up would push prices up to $14k in the next several weeks.
