Are We Heading Back to the 200 MA Accumulation Zone?

1 reply 341 views
Posts: 22 · Reputation: 1
#1May 26, 2020, 11:04 PM
A lot of analysts seem to think that for Bitcoin to find its bottom, it needs to hit that 200 moving average. Some are saying it’ll dip below 60K, while others believe 50K is more likely. There’s also this idea that Bitcoin has dipped below that moving average before, so it might hang around that zone during this bear market. Makes ya wonder if we’ll actually touch that line again anytime soon.
5 Reply Quote Share
pr0to88Member
Posts: 1222 · Reputation: 235
#2May 27, 2020, 05:16 AM
Yeah, totally get that. Honestly, I'm sick of these wild drops like 19.9k to 3.9k or that insane 69k to 15.9k plunge. 126k to 59k was just too much for me. But if we think this time is different, we might need a serious jump or a slow climb up to at least 101k or more. What do you all think? Is it really gonna play out that way?
4 Reply Quote Share

Related topics