Bit of Data- Bitcoin USD index
Left to Right
50 SMA (RED) goes under 100 SMA (BLUE) for 413 days
Next time is for 294 days, Shows greater sentiment
50SMA crosses back over 100 for 1001 days before dropping below again on both occasions. Many reason why this could have happened but it just adds tp the ever growing "Patterns" that BTC PA makes.
50SMA currently below 100 again but this time it has also crossed below 200 ( YELLOW). This has NEVER happened before and shows the huge pressures that Bitcoin PA has been under from Fundamentals in recent times
It has however, managed to show that it is still a force with life, however, it has a huge hurdle to cross still but the fact that the banking industry is struggling, and it is, does give Bitcoin some backing.
The next 12 months are going to be VERY interesting in many ways
Bitcoin is making a come back and has crossed back over the 200SMA and this will be reflected in the MA's in time. It is the 2nd half of 2023 that will be the real test for Finances in both Crypto and TradFi
DYOR
Left to Right
50 SMA (RED) goes under 100 SMA (BLUE) for 413 days
Next time is for 294 days, Shows greater sentiment
50SMA crosses back over 100 for 1001 days before dropping below again on both occasions. Many reason why this could have happened but it just adds tp the ever growing "Patterns" that BTC PA makes.
50SMA currently below 100 again but this time it has also crossed below 200 ( YELLOW). This has NEVER happened before and shows the huge pressures that Bitcoin PA has been under from Fundamentals in recent times
It has however, managed to show that it is still a force with life, however, it has a huge hurdle to cross still but the fact that the banking industry is struggling, and it is, does give Bitcoin some backing.
The next 12 months are going to be VERY interesting in many ways
Bitcoin is making a come back and has crossed back over the 200SMA and this will be reflected in the MA's in time. It is the 2nd half of 2023 that will be the real test for Finances in both Crypto and TradFi
DYOR