BITCOIN: DON’T PANIC YET!

This is one of the worst days in recent memory for Bitcoin, but when you zoom out on the weekly chart, BTC is still absolutely fine.

Bitcoin is holding the 50 week moving average right now, so the macro structure hasn’t broken. Where do I get seriously concerned? If we lose 74,900. And if Bitcoin loses 73K, I think new lows will be coming.

For now, nothing has been lost on the weekly. In my opinion we’re still in the beginning phases of a new Bitcoin bull market, with a higher high already in and the market now looking to build a higher low.

⚠️ Disclaimer: This is not financial advice. I’m not a financial advisor and this content is for educational and entertainment purposes only. Crypto is highly volatile. Always do your own research before investing.

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