Bitcoin ended February in green but just barely so. As you can see on the plot, this has been the first time that has happened since July 2018.
If we look at big timeframes BTC has still not really been below the 200-week moving average during the last years and have not convincingly been above the 21-week moving average since the bull run of 2017 ended.
The current weekly 200 MA is 3377 whereas the 21 MA is 4412. Until we cross either, I will be cautious and regularly buy small amounts.
In my next post, I will demonstrate why the current bear market with 440 days since last ATH was if not to-be-expected then at least not surprising even with data that was freely available at that time.
Good luck to all of you and take care.
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