BITCOIN Daily 16.05.2022

This call was made on April 22nd when $BTC closed below the 600 DMA. Two previous events in 2018 and 2020 led to 52% and 45% losses respectively. This time, a 50% loss would mean #BTC at $20,000. Since the call, BTC lost 35% and bounced. Let’s analyze recent technical signals and the perspectives for…