Certainly! To confirm that the recent dip under $50,000 was the bottom, Bitcoin ($BTC ) needs to reclaim a crucial zone. Specifically, we're looking for the 100-day moving average (MA) to cross above the 200-day MA on the 3-day chart. This crossover is expected to occur by mid-July, around July 15. If this happens, it would signal that the bottom is in and provide more clarity on the future trajectory of BTC priceÂč. Until then, it's essential to exercise caution and consider risk management strategies, especially given the ongoing macroeconomic uncertainties.
Remember that risk management and capital preservation are key, regardless of technical analysis or market trends. đđ#BTCâ #BTC1D #MarketDownturn #Write2Earn! #tipneeded
