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Even with the recent drop, the 100 week moving average has not sloped downwards

Even with the recent drop, the 100 week moving average has not sloped downwards

Looking at the chart, the last time the 100 week moving average started its downwards slope, it coincided with the bottom of the Bitcoin bear market.

In 2024, the rally started in November, if that doesn’t repeat, we will finally see the 100 week moving average drop for the first time since ATH

What is the buy signal, you may or may not have asked? Well, once the price of bitcoin crosses above the 100 week moving average, it has been followed by a substantial rally. This has been true every single time in the history of Bitcoin.

My thoughts: accumulate slowly once the 100 week moving average starts to fall, and quickly once the price of Bitcoin breaks above the 100 week MA.

Thoughts?

submitted by /u/weednspacs
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