😱 BITCOIN TARGETS 👀 THIS IS REALLY CONCERNING 🚨
$BTC has closed its weekly candle below the 100 EMA for the first time since Q4 2023. The trendline that once acted as a solid floor we used to rely on has completely flipped.
💢 During a bull run, this is a make or break level. History is screaming a warning, and the charts are bleeding red.
This is what happened during the last 2 cycles when Bitcoin broke below the 100W EMA:
November 2018
🔹️ BTC closed a weekly candle below 100 EMA
🔹️ Dumped 46% in just 5 weeks
🔹️A brutal capitulation that left the market in absolute ruins.
May 2022
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