Bitcoin's $72K Peak: A Prelude to the $50K Plunge
In the weekly timeframe of May and December 2021,
Bitcoin experienced significant corrections exceeding 35% when the 5, 8, and 13 EMAs crossed downwards and confirmed a MACD bearish crossover.
Today, after 203 days, we're observing a similar setup: our 3 EMA are approaching a cross, paralleled by MACD signaling a comparable state to those previous corrections.
If validated after reaching $72,000, Bitcoin might correct towards the $48,000 to $57,000 range.
Bitcoin experienced significant corrections exceeding 35% when the 5, 8, and 13 EMAs crossed downwards and confirmed a MACD bearish crossover.
Today, after 203 days, we're observing a similar setup: our 3 EMA are approaching a cross, paralleled by MACD signaling a comparable state to those previous corrections.
If validated after reaching $72,000, Bitcoin might correct towards the $48,000 to $57,000 range.
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