Technical analysis by MT4-trader about Symbol BTC: Sell recommendation (6/10/2022)

In 2018 and 2020 the price of Bitcoin went below its 200 Moving Average. Now is 2022. In both cases the price dipped below its 200 MA and then pulled back above it on the weekly chart. In both cases this low level was retested in the next weeks. I suspect a similar scenario is playing out and this will most likely take Bitcoin to around 25,500 in the next few weeks.