Bitcoin's $72K Peak: A Prelude to the $50K Plunge!

During the weekly period between May and December 2021, there were notable declines in #Bitcoin    that exceeded 35% as the 5, 8, and 13 EMAs confirmed a bearish crossover of the MACD.

After 203 days, we are seeing a similar setup today: our 3 EMAs are getting close to a cross, and the MACD is paralleling them, indicating a similar position to those earlier corrections.

If verified after hitting $72,000, #BTC    might fall back to between $48,000 and $57,000.

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