via BeInCrypto · By BeInCrypto Editorial
2 Historic Bitcoin Signals Just Flashed for the First Time This Cycle: Is The Bottom In?
BTC/USDT
$19,852,492,995.91
$60,656.00 / $58,500.10
Change: $2,155.90 (3.69%)
+0.0018%
Longs pay
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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