Bitcoin is below it's 200 week moving average

in bitcoin •  2 years ago  (edited)

This doesn't happen often...

If you waiting until bitcoin was below its 200 week moving average before you bought, you'd have done very well historically.

It just doesn't happen very often.

If you look at the charts right now, you will see that's exactly where we are:

image.png

(Source: https://twitter.com/rovercrc/status/1574075757990649856/photo/1)

That doesn't guarantee that the price will immediately bounce, but over the longer term it should be a good entry point.

That is if history is any indicator, which it usually is...

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Upvoted! Thank you for supporting witness @jswit.

*week (200 WEEK moving average).

Good job on keeping your game going...

Good catch, thank you.