This is good news...
If we rewind the clock and look back previous times when bitcoin climbed back above its 200 week moving average, it tended to ignite a bull market.
It doesn't happen right away but over the following months it sure does...
Check it out:
(Source: https://twitter.com/a1_x3/status/1552957566845583361/photo/1)
This time might indeed be different as bitcoin deals with the worst macro backdrop it has ever experienced since it has existed.
Either way though, I have to like the setup.
Your post was upvoted and resteemed on @crypto.defrag
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Upvoted! Thank you for supporting witness @jswit.
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Am bullish on btc
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