BTC breaks its 200 day moving average

in bitcoin •  3 years ago 

This is a big deal...

Bitcoin has now broken its 200 day moving average to the upside and is looking for more.

Here's the chart:

image.png

(Source: https://twitter.com/WClementeIII/status/1424694837912248322/photo/1)

Breaking above its 200 day moving average is a very bid deal for many institutions and funds.

They simply buy when the price is above it and sell when below it.

If we can close above this level, more money is sure to flow in.

And this money is big money...

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Thank You for sharing Your insights... AND, Yes... breaking the
200 Day MA is a very Big Deal.

Thanks Again !!

@jondoe wow bitcoin moving upside. nice explanation by your side, keep it up. great job done.
#affable #india

Are there some trends that have not worked over the year?