🔥 Bitcoin 100 & 200-week Moving Average: Capitulation Expected

In today's BTC analysis I want to take a look at the relationship between the price of Bitcoin and it's 100- and 200-week moving averages.

Historically, once the price breaks the 100-week bearish after a bull-run, this also means that we're going to get more downside and the eventual capitulation.

2014 bear market

2018 bear market

Furthermore, the eventual capitulation towards the 200-week SMA also signaled the bottom of the bear market. Long-term investors might want to set up alerts once the price reaches the area around the 200-week SMA.

The above analysis in line with my most recent BTC analysis where I discuss my bearish outlook, see below.