BTCUSD 1W: There is a very unique scenario which his happening right now on BTC chart and this never happened in past 7 years. BTC is trading below Weekly 200MA. That yellow line is weekly 200MA. Notice how price reacted there everytime BTC reached near that zone, No matter how worst the FUD was it always bounced from 200MA or it Stayed below it for a very small period of time (basically printed a wick candle). So whenever market goes up next time keep eye on this level, it is going to be pretty serious resistance zone for BTC in upcoming months.
