BTC is coming into the 200d moving average
This can be exceptionally powerful and is almost the standard in terms of technicals. Whilst above Bitcoin could be said to be in a bull trend and while below could be said btc is in a bear trend.
If it gets above does that mean bear market is over?
No. Its not holy or gospel just very important. Even if it does successfully reclaim above 200ma of course that doesnt mean it cant fall below again. Have to keep an eye on it but whilst near the range does provide a lower risk entry/exit point. It also can be a guiding light for other positions within crypto.
The true gains from it will be found elsewhere
If BTC does revert above the 200 day moving average then there will be greater gains from lower cap following the guiding light that is bitcoin. Many will likely have reverted further from their mean and as such have potential upside greater whilst still being able to use bitcoin as 'true north' to help guide maintaining the position.
This can be exceptionally powerful and is almost the standard in terms of technicals. Whilst above Bitcoin could be said to be in a bull trend and while below could be said btc is in a bear trend.
If it gets above does that mean bear market is over?
No. Its not holy or gospel just very important. Even if it does successfully reclaim above 200ma of course that doesnt mean it cant fall below again. Have to keep an eye on it but whilst near the range does provide a lower risk entry/exit point. It also can be a guiding light for other positions within crypto.
The true gains from it will be found elsewhere
If BTC does revert above the 200 day moving average then there will be greater gains from lower cap following the guiding light that is bitcoin. Many will likely have reverted further from their mean and as such have potential upside greater whilst still being able to use bitcoin as 'true north' to help guide maintaining the position.
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