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#Bitcoin - Bear market incoming?
A lot of people think Bitcoin is heading into a bear market.
The easiest way to check? Look at the 50 Weekly Moving Average.
If you notice, the 50-week MA has been a strong support over the years. Every time Bitcoin dips to this 50 WMA , it usually finds support and bounces back.
It’s often been a great area to buy BTC.
But if the price breaks below this moving average, that’s when we could expect a start of the bear market.
Right now, the price is still well above the 50-week MA, and it’s also holding strong above the previous all-time high.
It looks like we’re just consolidating before the next leg up.
𝟮𝟭𝘀𝘁 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟬
➙ $1.4 trillion spending bill was passed
➙ Altcoin MCap pumped 700% after that
𝟯𝗿𝗱 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟱
➙ $3.3 trillion spending bill has been passed
Altseason 2.0 will now start 🚀
Bitcoin is going to $150k-$200k
ETH is going to $10,000
Altcoin will explode 10x-30x
All this will happen in 2025.
Just hold tight and Don’t get shaken
out before the mega pump starts.