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Welcome to this BTC update. BTC is still not stopping and dropping continuously.

According to the weekly chart, every time BTC breaks below 100MA it is going to test the 200MA. Last two times in 2018 and 2020 BTC breaks below 100MA and both the time we got the reversal after hitting the 200MA so we can expect the same this time also. This time 200MA is around $21k so that might be our bottom.

Also, if you look into RSI then you see in 2018 RSI is goes near to the 30 level so when this time RSI goes around 30 we get out bottom and after that there is only up season.

Do not take much stress now we will overcome from this crash. Once market gets stable we will earn a lot again. Just don’t give up. Stay in the game and you will make it again surely.

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Thank You!