BTC/USDT : 200 day MA is key support to a massive $160,000 jump.
2024-12-26
Category: None

Hello Traders,

A compelling pattern is forming for  CRYPTOCAP:BTC  .

Considering how BTC interacted with the 50 day MA from November 2023 to March 2024, with BTC retesting at $40,000 in January and then surging to $73,000 in March, if history repeats, the 2025 bull run could potentially send BTC to $160,000 within three months. 

Technically, BTC broke through the 50-day MA resistance from above and from $48,000 it declined by 20% towards the 100-day MA trendline to have rest at $38,000. From the 100-day MA trendline, BTC then rallied by 90% all the way up to $73,000.

If this historical move were to repeat, BTC would likely encounter the 100-day MA trendline to fall 20% at $85,000 before another 90% surge towards  $160,000   🚀🚀🚀.

Play safe, #DisciplineWithStopLoss before you invest and keep close eyes on 50 & 100 day MA trendlines 🤞

#ChartPatterns
#SwingTrading
#BTCUSD

 #PatienceIsKey
#RektProofTrade
#ProtectYourCapital 
