Bitcoin just quietly crossed what may be an important threshold

in #bitcoin5 years ago

I can't remember who informed me about the 21 weeks moving average, and as such, it seems to be quite arbitrary. However, when you look at Bitcoin since the ATH, it has pretty consistently respected that line:Screenshot from 2019-03-27 15-13-42.png

There has been ONE fakeout last summer but other than that it seems reliable. As you can see if we zoom in, we just crossed the line again:
Screenshot from 2019-03-27 15-13-58.png

It may still be a fakeout, especially as the week obviously isn't over yet (we have to end the week above 3962). However, these things are slightly waking my optimism. I am still ready to buy more if we get significantly lower, but other than that, I am starting to have accumulated enough that I would be satisfied if we move upwards from here.

Good luck to all of you and take care.

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