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via BeInCrypto · By BeInCrypto Editorial
2 Historic Bitcoin Signals Just Flashed for the First Time This Cycle: Is The Bottom In?
BTC
BTC/USDT
$63,025.42
+0.06%
$63,025.42
+0.06%
(24s)24h Volume
$2,183,109,539.23
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0034%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(12:41 PM UTC)
1 min read
Bitcoin (BTC) has fallen to its 200-week moving average near $62,000, touching the long-term support level for the first time this cycle. The famous Rainbow Chart has slid into its fire-sale band at the same moment.
The two signals have historically marked deep accumulation zones. However, both indicators also failed to act as clean floors during the last bear market, so the bottom is far from…
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