50 Week MA This Cycle

50 Week MA This Cycle

In every bear market once btc goes below the 50 week moving average, the first attempt to reclaim the 50 week has always been rejected. After this rejection btc has always seen a deep drawdown. In the last 3 cycles btc saw a 50-60% drawdown after being rejected from the 50 week. What do you guys, are we going to see a similar draw down? I want to be bullish but i cannot ignore this.

https://preview.redd.it/ui5sh837ssnh1.png?width=1022&format=png&auto=webp&s=77356c771ab04f210baf0197e3bb79f07ce41e64

submitted by /u/Adventurous_Wear_861 to r/Bitcoin
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Quelle: bitcoin-en