Back in 2023, once $BTC flipped the 50MA on the weekly, it pretty much respected it throughout the entire bull market.
We’ve flipped the MA, and now we’re deviating slightly below it, as we’ve seen many times before. These deviations have typically marked capitulation, with the deviations getting bought up quickly.
That’s why I decided to add to my spot bags from 65K for the first time since we tested 87K.
Do as you wish with this information. ⚡️