Bitcoin on support but converging to WMA

Bitcoin needs to hold $42,333 for now.
It’ll be telling for other risk assets,
Bitcoin could see the $26,000 – $23,000 level
More on other support levels #bitcoin later,
but isn’t trading at 500% above its 200 weekly moving average anymore, instead it’s now 126%.

Below is a weekly chart, the 200 week moving average has risen from $15,000 to $20,000 over the past 4 months, which is in keeping with my price and moving average convergence post dated, October 18, 2021.

https://robzdravevski.com/2021/10/18/a-observation-of-convergence/

January 6, 2021

by Rob Zdravevski

rob@karriasset.com.au