The rhythm repeats itself: whenever BTC tests the daily MA365, it bounces back and continues its rally. Bitcoin never lies 📈✈️
Today, BTC managed to close its daily candle above the MA365. This resilience reinforces the view that this support level serves as a key reference point for the continuation of the bull run. Keep a close eye on the daily MA365 as a benchmark for Bitcoin
My conviction remains strong: BTC will bounce off the MA365 daily support level and continue its rally in this current bull run. The hacking of the Binance exchange is simply the way Bitcoin is carrying out a retest of its foundational support during this bull run📈
I was wondering what might cause Bitcoin to revisit the MA365 daily support level this time around—and as it turns out, it was the Binance hack; BTC always seems to find a way to return to its technical rhythm 🔥
Bitcoin has finally reached the support level at the 365-day moving average (MA 365). We will see at tomorrow’s close whether it manages to hold above this level, which would allow the bull market to continue. This decline was triggered by the hack of Binance
Bitcoin has confirmed a bull run. so, what is the likelihood of the next BTC drop? During the bull run, BTC's support level lies at the 365-day Simple Moving Average (SMA), which is currently at 78,500.
