In the weekly timeframe of May and December 2021,
Bitcoin experienced significant corrections exceeding 35% when the 5, 8, and 13 EMAs crossed downwards and confirmed a MACD bearish crossover.
Today, after 203 days, we're observing a similar setup: our 3 EMA are approaching a cross, paralleled by MACD signaling a comparable state to those previous corrections.
If validated after reaching $72,000, Bitcoin might correct towards the $48,000 to $57,000 range.
Bitcoin experienced significant corrections exceeding 35% when the 5, 8, and 13 EMAs crossed downwards and confirmed a MACD bearish crossover.
Today, after 203 days, we're observing a similar setup: our 3 EMA are approaching a cross, paralleled by MACD signaling a comparable state to those previous corrections.
If validated after reaching $72,000, Bitcoin might correct towards the $48,000 to $57,000 range.