Thread: Will BTC Break Below 30k?
Hey All!
This is a very interesting time in all markets and people seem to be more confused than ever on whats in store for crypto in 2022.
The ongoing war in Ukraine is a devastating conflict that will likely affect the global markets for months to come. As seen on Thursday, Biden’s speech provided an immediate jump for US stock markets along with the crypto markets.
BTC still rules 99% of the crypto markets and can be relied upon as a valid indicator.
The blue line is the 50 week MA and I decided to start this post with some simple, yet effective. Anytime BTC has broken under the 50W MA, prices have fallenat least -50%.
This has also marked the beginning of the end of the bear market. In the current case, time has only been a few months.
Enjoy the rest of this post as it is filled with metrics not seen often!
Please comment & like!
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