When will Bitcoin Bottom?
Bitcoin all time history index INDEX:BTCUSD
INDEX:BTCUSD
A very simple chart that I will be paying attention to over the next few months.
The last 4 BTC bottoms all tapped or briefly crossed under the 200 week simple moving average .
For this cycle, we can assume that the bottom has not yet been reached.
With rates rising and liquidity falling, I am expecting BTC to tap the 200 week moving average sometime this summer.
I plotted a potential target with a pitchfork and projected 200w MA, I’m expecting the bottom to be in the 20k – 25k range.
