$13K Bitcoin price predictions emerge with BTC falling below historic trendline By Cointelegraph – Investing.com
- Date: 21-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
$13K Bitcoin price predictions emerge with BTC falling below historic trendline By Cointelegraph – Investing.com
(BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020's crypto market crash.
Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and in 2020, its invalidation as price floor has contributed to pushing the Bitcoin market into severe bearish cycles.
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