The probability of us ever go down this moving ordinary , has been a substantially diminished, and I still stand with that word. I believe it's really, extremely improbable that Bit-coin is moving down under this degree again, however, there is more honestly, in case you visit the daily timeframe. U M, also take a look at theuh, 200 everyday moving ordinary along with the 20 daily moving ordinary.
What we see here is that, thered line, that's that the 200 everyday provided immunity, just a small bit of support directly now, but we neglected to grip . We broke down again. Uh, we have rejected straight there, got a small correction, but today we are decisively above it. We've got an everyday closure, and we have seen consolidation above this 200 everyday.
That's quite bullish. U M, and the 200 dailies kernel is sitting down eight point 8,000, but we have to remember that last time we all broke above this moving average, uhwe did break down it back again. Thus, um, let us mention it is bullish, however, um, it's still possible that individuals could come listed below it again, a dip down to the 20-week.
Get supported , fill out the difference. Possibly that is, this continues to be a potential scenario we receive a correction in the next few weeks. And let me just show you exactly what I mean. Personally I think that we have been on in an up trend, but that I still think it's possible that Bit-coin is about to do something like this really is more correction and they'd go up or maybe even a rust from these levels, and then we might go up.
Um, nothing can only go in a, at a ceaseless up-trend. We are in need of corrections even if we are heading out within the next few weeks and months. However, I do desire to figure out we did see this nice, uh, bullish cross of the 20 each day and the 200 everyday. And the past time we have a bearish cross was there. And that marked this, U M.
Period of the is going to a minimal cost action. We're below the 200 each day and we had been producing this low a and the more important part here is to have a look in the last period got a bullish crossover since last time we got a bullish cross between these two that marked the pretty much exact start with the large bull streak up to 14,000 and look at this since this precise moment at which we now received this bullish cross, Bit coin proceeded upward.
A 160 percent in 76 days. I am not expressing that most of us go to see that happen again, but let's simply play with the idea. Back in 76 times when we had been to go up A-100 and I am 60% , limiters zoom outside because that's exactly what I will need to do here. They could go 160% in another 70 times, approximately would, uh, set Bit coin at somewhere around $24,000.