This is interesting...
The last couple times bitcoin went below its 200 week moving average it signaled the bottom and sparked a major bull market over the following years.
Well guess what...
We had that same setup right now...
We had bitcoin go below its 200 week moving average and now is on the very of closing back above it.
Check it out:
(Source:
1553404961488355329/photo/1) twitter metadata:cm92ZXJjcmN8fGh0dHBzOi8vdHdpdHRlci5jb20vcm92ZXJjcmMvc3RhdHVzLzE1NTM0MDQ5NjE0ODgzNTUzMjkvcGhvdG8vMSl8 ~~~
This is very good news for bitcoin and crypto as a whole.
If we can get bitcoin to close and hold above this moving average I suspect the following months will be very good to bitcoin.
It's funny how quickly things can change around here...
It seems we will have a bullish bitcoin during august