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The true bottom of Bitcoin may be around 35,000. Historically, whenever Bitcoin falls below the 200-week EMA line, it usually drops another 30%~45% until it hits the real bottom. Based on this pattern, Bitcoin might fall to the 35K~38K range this time.
#BTC #Cryptocurrency #TechnicalAnalysis
BTC is approaching the 200EMA weekly line. Every time it falls below the 200EMA weekly line, BTC will drop another 30~45% to reach the actual bottom. So this time, BTC will fall to the 35~38K zone.
#BTCUSD