Bitcoin Monthly MA Ribbon Turned Green
Again?? 🤔
The Monthly MA Ribbon has acted as a
strong support in the past, marking the Bitcoin bear market bottom in the last two cycles.
However, in the current cycle, price broke down below the MA Ribbon, causing the Ribbons to turn Red for the first time ever. Currently, price has managed to flip the monthly MA Ribbon back into support, and the ribbons have turned Green again.
