BTC drops back to its 50-week moving average, but still outperforms tech stocks in the sell-off "Yesterday of course you do a show about how good Bitcoin looks and within 20…
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$BTC drops back to its 50-week moving average, but still outperforms tech stocks in the sell-off "Yesterday of course you do a show about how good Bitcoin looks and within 20 minutes the market does …
$BTC drops back to its 50-week moving average, but still outperforms tech stocks in the sell-off "Yesterday of course you do a show about how good Bitcoin looks and within 20 minutes the market does what it does, which is humble you. They say there's two kinds of people in markets, those who are humble and those who are yet to be humbled." "Sometimes when you get a short squeeze, it's literally just a liquidation of leverage and not a fundamental move." "Last week, we were still down in 76. We did pump up obviously to 80, but we're just back to where we were last week. And that is testing the 50 MA here on the weekly." "50 MA on the weekly is considered a bull bear line for a lot of people. A lot of algorithms. It's historically been where the market shifts and we're just retesting it in support." "The fact that Bitcoin is back to just where it was last week, while the rest of the world is on fire and tech is now officially in a bear market, actually, to me, still speaks to extreme relative strength for Bitcoin."
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