The Importance of 140 DMA for Bitcoin
As you can see the PINK line is the 140 SMA on the daily time frame. It holds a lot of weight.
Bitcoin is currently on a downtrend even on the weekly which always results in a big drop, and we are just holding support on the 140 DMA.
If you see a drop below and specially a closure, you can expect a minimum of 10% drop.
Bitcoin is currently on a downtrend even on the weekly which always results in a big drop, and we are just holding support on the 140 DMA.
If you see a drop below and specially a closure, you can expect a minimum of 10% drop.
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