‘Not all 200-day moving averages are equal’: K33 argues February’s $60K low still marks cycle’s maximum drawdown
Bitcoin's pullback from $82,000 near its 200-day moving average hasn't shaken K33's conviction that February's $60K low marks this cycle's deepest drawdown. Analysts argue not all moving averages signal identical strength, suggesting current weakness remains within bullish parameters. This perspective matters for traders assessing whether recent declines indicate trend reversal or consolidation before further gains.
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