#BTC/USDT "This time it's Different" Not anymore!!!

30 Eyl 2023

🚀 This time it's different! 📊

Not anymore, I will break it down for you with one simple indicator! 55 Period SMA in monthly.

🔹 Bitcoin broke below the legendary support trendline and the 55 SMA on the monthly chart.

🔹 3 consecutive monthly candles closed below the SMA in the months of October, November, and Dec 2022, which eventually made Analysts more bearish, predicting a lower bottom.

🔹 But guess what? Bitcoin bounced back! 🙌

🔹 It's now above the trendline support and the 55 SMA on the monthly chart.

📈 Check out the chart—it's shouting 'HOLD ME!' 💪

🔹 "The monthly candle is set to close in 2 hours, and it's likely to close above this Moving Average. This confirms that a bullish rally is on the horizon.

🔹 Current SMA level: $24,900, our recent bottom.

Does it look different? I would love to know your thoughts!

DYOR, NFA.

Hit the like button if you like it and share your views in the comment section.

Thank you
#PEACE