BTC Trend Analysis

Bitcoin / U. S. Dollar KRAKEN:BTCUSD

Swastik86

Bearish crossover of 20 & 50 WMA happened already.

Historical crossovers show 54% decline from the week of crossover.
Big volume dump at second instance is due to pandemic.

I don’t think 54% dump possible this time.

Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%,
then BTC can correct almost 35% to 30,000 level approx.

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