🚨🚨Attention Alert 🚨🚨
🚨 BTCUSDT Daily Analysis: Bitcoin Facing a Major Pullback Below MA200?
📉 MA200 – Bullish or Bearish?
We’re analyzing Bitcoin (BTCUSDT) on the daily timeframe, and things are looking uncertain. MA200 serves as a key indicator:
📈 Trading above MA200 indicates a bullish territory.
📉 Trading below MA200 signals a bearish phase.
Here’s what’s happening now:
1️⃣ Brief Move Above MA200 – A Failed Signal
Bitcoin recently moved above MA200, but this development seems weak. We’ve seen this before in late August when Bitcoin briefly traded above MA200 for three days, only to drop back below—another failed signal. Now, it’s repeating the same pattern, showing little promise of a bullish wave.
2️⃣ Weak Volume – No Bullish Power
The recent move above MA200 came with the lowest trading volume we’ve seen in years. 📉 This lack of volume signals that the move was just a pull-back, not a real bullish wave. A strong bullish move would typically come with rising volume, but that’s not what we’re seeing here.
🔻 What’s Next? Bearish Cycle Continues
If Bitcoin falls back below MA200, it would be a major bearish signal, confirming that the bearish cycle, which started at the March 2024 peak, is still in play. This would point to a lower low compared to August 5th, potentially marking the final low of this correction phase.
⏳ Key Levels to Watch
• Next target: $44,000 to $40,000
• Lower range: $33,000 to $26,000
⚠️ Prepare for a Crash – But Long-Term Growth Is Coming
Short-term, Bitcoin is likely to crash, as I’ve been warning for months. However, this may be the last bearish phase before a recovery. The market will bounce back, and we’re looking at major growth in 2025 with a potential new All-Time High.
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