The relationship between Bitcoin price and the MA200 line during a bear market!
- During the 2014 downtrend, the price briefly broke above the MA200 before falling again. (twice)
- In the 2018 cycle, the price was completely below the MA200. The price hit the MA200 twice before falling further.
- In the 2022 cycle, the price was completely below the MA200. The price hit the MA200 once and then continued to fall.
- Currently, the 2026 MA200 is valued at 83,149k, and the BTC price on May 6th reached 82,833k. Will the price break above the MA200 or will it correct downwards from here?
#Bitcoin BTC #MA200