Discover and read the best of Twitter Threads about #200dma

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venturef◎undΞr
@venturefounder
#Bitcoin has been making higher highs since the crash to $18k, but the recovery is nothing impressive after a crash of this magnitude.

I think #BTC might stay in this area for sometime waiting for July CPI number, macro decisions (Fed) and Q2 earnings/recession confirmation. Image
But to be fair, this crash is significant because it has brought #Bitcoin down to the level in sync with previous cycle bottoms.

#200WMA gives a bottom target of $22.4k, #BTC is now below that.

BTC also resting on 1 fib extension level in this correction, like 2018 cycle bottom Image
3D deathcross-capitulation model gives a target of $15.5k #Bitcoin for this cycle bottom, #BTC has come close to this target during the crash but didn't hit it.

Notice the 3D RSI wasn't as oversold yet as with the 2018 cycle bottom. Image
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Related hashtags

#Bitcoin #200WMA #BTC #50MMA #200DMA #RSI

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