Bitcoin is the bottom in

Everything is red right now and so is the top dog bitcoin. Looking in the past we can see a similar structure took place before the 2020 covid crash. After it broke below the 200 MA it did a quick wick down to almost hitting the 300 MA before coming back up to sitting on the 200 MA as acting support. Will we see this occur again or will we have more blood, the next few weeks will be interesting.