Here we can see Bitcoin is trying to break higher and is attempting to reclaim the 21 and 50 day EMA's here, but really we need to see a break and close above the $66k resistance to be meaningful. There is some buyer support just below at the $62K range (in Green) but this could easily be taken out on the downside with a rejection at $66k. The upside target if $66k breaks higher is heavy seller resistance at the $70k level, so I do think we push up there and reject, then roll over to hit the $50k cycle low range which I've covered in other studies. For more in depth video updates on charts, timely moves, and coin recommendations book a 1:1 call with me at www.moonstreamcoaching.com/start

In this Bitcoin chart... which you can view the full study on TradingView.com below: Bitcoin Simple Moving Averages Point to $50k BTC Bottom We see that the last 2 times the 50 Week SMA (Green) crossed the 100 Week SMA (Red) -- the Bear market was over or almost over. In 2019, it marked the absolute bottom was in and recovery already underway 🚀🚀🚀 In 2022 the last cycle, it's possible that it would have also, had it not been for the FTX debacle. So it's possible that we're forming a bottom here, and anything is possible. I still see the concentration of buyers lined up in the $50k range, but 'Big Money' may also see that and try to front run the buying frenzy, like the people who camp out overnight at Walmart ahead of the Black Friday sale every year lol. Either way, I recommend caution still, and waiting to see what happens this week with the CLARITY Act. More than likely, the do NOT pass it, and kick the can down the road closer to the August deadline, and that adds further weakness and uncertainty to these markets... Making another 'surprise' capitulation spike down more likely. For more timely updates and specific buy / sell recommendations daily, check out Moonstream.io/M3

Bitcoin briefly regained back above 60 K yesterday but is now breaking below it again. I’m glad that M3 members are 100% in cash because, I do believe we head lower to the 50 K range on bitcoin before getting a tradable bounce. If we do push higher from here now, I’ll be looking to short. But we should not be looking to re-enter these markets prematurely. For more timely updates and trade alerts checkout www.moonstream.io/M3 For private 1:1 coaching and mentoring watch this: www.moonstreamcoaching.com

Bear Flag on the TOTAL Marketcap looks ready to continue it's downward move to the Green zone, corresponding with $50k BTC. Anything can happen in crypto, but please protect your downside and likely sell half or all of your Altcoins (Aside from the few that I've bee recommending). BUT ensure you have stop loss orders on all open positiions here in case of a news driven or 'surprise' market collapse / capitulation crash down to in the coming days / weeks going into Summer. [Join us in a LIVE weekly class update every Wednesday at Noon EST in M3 Active Trader] + Daily updates in Signal + Market update Videos + Timely coin Picks weekly www.moonstream.io/M3 for more info!

Bitcoin has been selling off hard and just lost the important $65,000 level. So my "$50K Bitcoin Bear Flag Target" seems to be in-play, which I've been suggesting for months. https://app.screencast.com/U4crxhaYWviYJ Comment below on what you think and if you have any questions!