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DerrickGibson

Bitcoin - History Doesn't Repeat Itself But It Often Rhymes

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Bitcoin Liquid Index (BNC:BLX)  
DerrickGibson  
BNC:BLX   Bitcoin Liquid Index
Trend Analysis Technical Indicators Chart Patterns BTC Bearish Patterns bearmarket
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trendanalysis indicator chartpattern btc bearish bearmarket
Bitcoin seems to be confirming the "death cross" of the weekly 26 EMA and 50 MA. As you can see, when this happened in 2014 the next move was to test the weekly 100 MA, with the ultimate bottom set at the 200 MA. If we see a similar pattern here the next major support level will be at the 100 MA - $5,000.
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