Bitcoin continues to trade above its 3-day EMA200 support level. Worth noting: the last time BTC fell below this key moving average, the market saw a sharp 10% decline unfold over the next few days. Could this level prove critical again, or will bulls defend it?
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TokenomicsTrapper
· 01-12 22:58
lmao "will bulls defend it" — bro they always say that right before the wick down. classic exit pump pattern honestly, watched this movie like five times already
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Layer3Dreamer
· 01-12 22:51
theoretically speaking, if we model this EMA200 defense as a recursive verification problem... the bears need to break through what's essentially a cryptographic checkpoint. last time they succeeded, the market cascaded like a failed ZK proof validation. kinda beautiful how price discovery mirrors state consensus mechanisms, ngl
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CommunityWorker
· 01-12 22:50
The 200-day moving average is starting to make noise again. Last time it broke below, resulting in a -10% drop. Can it hold this time? To be honest, it's a bit uncertain.
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MoneyBurnerSociety
· 01-12 22:47
Bro, I bet this time I'm the one to pick up the pieces again.
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CoffeeOnChain
· 01-12 22:42
Holding at 200ma is fine, breaking below means a dive, same old routine.
Bitcoin continues to trade above its 3-day EMA200 support level. Worth noting: the last time BTC fell below this key moving average, the market saw a sharp 10% decline unfold over the next few days. Could this level prove critical again, or will bulls defend it?