BTC | Buy Zone Determined

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So, here we are again approaching the 200-Week MA. It has been the ultimate support for BTC since it appeared on the weekly chart. Add the 1.618 Fib Extension to it and you’ll get a perfect tool for identifying bottoms


200-Week MA + 1.618 Fib extension perfectly caught the bottom in 2015 & 2018 Bear markets and during the Black Swan event in March 2020

And we should not ignore it this time as well.


My BTC Buy Zone is $19,500 – $23,000

I wouldn't dare to call it the ultimate bottom of the Bear Market just yet, but at least we can get a very strong bounce.


Can this bear market be different? Yes, it can. I think the rule that Bitcoin has never tested its peak of the previous bull cycle and never broke the 200-Week MA can be violated this bear cycle. Just keep this in mind and don’t get overexcited.




What do you think about this? Share your thoughts in the comments!






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The information given is never financial advice. Always do your own research