The probability of us go down below this moving ordinary , has been a significantly diminished, and that I still stand with this sentence. I do believe it's really, very unlikely that Bit-coin is going down below that level again, but there is more actually, should you visit the daily timeframe. Um, and also look at the, uh, 200 everyday moving average and also the 20 every day moving average.
That which we find here is the fact that, uh, the, the red line, that's that the 200 daily provided immunity, just a little bit of aid right now, but we failed to hold it above. We broke again. Uh, we got rejected straight there, got a small correction, but we are decisively above it. We've got a daily close, also we have even seen consolidation above this 200 everyday.
That's quite bullish. U M, and also the 200 dailies kernel is sitting down eight point 8,000, but we have to remember that last moment we broke above the moving average, uhwe did really break down it back again. Thus, um, let's say that it's bullish, however, um, it possible that individuals could come down below it again, a dip down into the 20 week.
Get supported again, fill out the gap. Possibly that is, it is still a prospective scenario that we receive yourself a correction in the next few months. And let me just show you exactly what I mean. Personally , I still think that we have been around in a up trend, however that I think it's possible that Bit-coin is definitely going to do some thing in this way is far more correction and they would move up and even a corrosion from these levels, and then we'd increase.
Um, nothing could just go in a, at an ceaseless up-trend. We need corrections even if we're heading out in the next few months. But I really do want to figure out we did see this particular nice, uh, bullish cross of this 20 each day and the 200 every day. And the past time we got a bearish cross was there. And that marked this, U M.
Stage of a will, a bearish price activity. We're below the 200 daily and basically we have been creating this non a and the more important part here's to check at the last time we got a bullish cross because past time we now got a bullish cross among both which marked that the pretty much exact start with the huge bull jog upto 14,000 and consider this since that precise moment where we now acquired this bullish cross, Bit-coin went upward.
A 160% in 76 times. Iam not saying that we all see happen again, but let's only play the idea. Back in 76 times when we have been to go up A100 and I am 60% there, limiters zoom outside because that is exactly what I'm going to need to get here. They will go 160% in a second 70 times, around could, uh, put Bitcoin at roughly $24,000.
source