On-chain Suggests Bitcoin’s Capitulation Getting Overheated | BTC Testing 200 Weekly SMA Right Now

By moon333 | moon333 | 14 Jun 2022

 

On a weekly time frame, Bitcoin has broken down support of $28600 and now testing the weekly 200 simple moving average. History shows, BTC never breaks it down. At the same time, on-chain analysis shows that Net Unrealized Profit/Loss chart is getting overheated, which means that now the capitulation phase can be ended soon. Watch detailed analysis in the video.

Resources

  1. https://partner.bitget.com/bg/50GN8V
  2. https://www.patreon.com/moon333
  3. https://www.kucoin.com/ucenter/signup
  4. https://www.binance.com/
Cryptocurrency Bitcoin (BTC) BTC BTC Price BTC News

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author

moon333
moon333

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