This was the Biggest Trap in #Bitcoin 🚨

Back in January 2023, when BTC bounced from $15,500 to $23,000, we saw a Death Cross on the weekly chart, which has never happened before.

The sentiment turned super bearish Many speculated that the pump was a 'dead cat bounce' predicting price to drop back below $15,500, possibly even reaching $12,000.

However, it turned out to be a massive trap. Instead of dumping, the price broke out above the 50 & 200 WMAs, continuing its upward momentum and currently sitting at $36,500.

Also, the Death Cross is about to get invalidated, and both the WMA's have come really close which means we can expect a Bullish Golden Cross in the coming months.

November 18, 2023 at 5:04 PM

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@thescalpingpro

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16:55 PM - Nov 18, 2023

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jesuscoins

@jesuscoins_j2kh3o

· 44m

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HODL HARD

sonnimanetti

@LT_DANdW361

· 11h

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j

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RAJ-SINGH

@RAJ5671

· 16h

Replying to @thescalpingpro

you are so so wrong BTC will drop to 15-17k IMO......before the halving and then maybe a couple of weeks later we will finally get what everyone has been anticipating.......a BULLRUN ....again only my opinions