#Bitcoin Bear Market Retest
Bitcoin all time history index INDEX:BTCUSD
Hi everyone,
Thank you for considering reading my idea.
This is a follow-up pattern and update to the Bear Market Pattern I published last month (read related ideas below).
After the cyan circle, Bitcoin tend to have some relief rallies.
On 2014, it somehow hovered above the white line before going down.
On 2018, it did retest the white line and the 20W moving average (red line) before going down.
This year 2022, we are about to retest the white line and possibly the 50W moving average (yellow line)
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
