Bitcoin heading to $50k. What are the odds? 🤔

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Mass adoption: for as long as the Crypto space has been, the tendency/potential or hope of it being used in the day to day lives world wide has ever been in existence. Some say it's a pipe dream at risk of becoming a meme but the Truth may surprise you. In this post, I'll try to explain the facts in the charts and also some insane fundamental analysis that could catch your eyes. Before getting into the know, there's a disclaimer I need to declaim. I am not a financial advisor and I never had plans to become one. If you're looking for a financial advisor, you know where to find one. Everything I post here are for educational purposes and for fun. You can take some to heart if you want and also take some with a grain of salt. Thank you😆. Now, without further ado, let's jump into the facts in the charts.

The whole of 2022 has been a hiccup for BTC and also for altcoins due to the fact that BTC has been forming a bear 🐨 flag. To be fair, since March 14th I've received my fair share of doxxing from moon boys on Crypto Twitter. I got many names and my favorite one is "dirty bear 🐨" 😂😆. People just hate red pill 💊 because it's always bitter-Truth is bitter. I understand their insecurities, yeah, money is involved. But the truth is... The market doesn't give one shit about anybody, even if your portfolio is in the tens if millions, it doesn't care. Now this chart shows Bitcoin has been testing this line for months since January and according to history, that's a warning 🚧 ⚠️ for those who understand. The line is the 200Day MA. There are only few times BTC touched this line in the mast 11yrs and all cases ended in disaster.

2018 and 2020

2014

Zooming in on the 2018, we have a similar pattern playing out today and that's really interesting

From this chart, we saw BTC plunged into the ditch in a swift, decisive way after it failed to hold above the 200D MA. We're here today so it's safe to be safe. The sweet thing I hear is people say " don't panic, this time is different. There's money in the market like never before, Institution are in, we can't go below 30k.". Yes boomer😑😎. You said the same thing in 2018.

Is $50k possible? 🤔

Yes it is. Looking at our rising channel(which signals a bearish pattern) we're yet to break to the downside and I'm confident that if we can hold $40-41k, then it's gonna get crazy soon. Many moon boys on Crypto twitter will say we're heading to the moon again. But don't fall for it, remain level headed, take profit and enjoy the show. Also don't forget the 3Day death cross expected to happen in May 😎.
Do have a wonderful weekend ahead. Stay safe ✌. I'll catch you on the next one.