🚨 BITCOIN IS SITTING ON THE LINE THAT HAS MARKED EVERY CYCLE LOW ZONE. The 200 week moving average. In a bull market price rides above it. In a bear market it comes back down and tests it. Every cycle, that test happened far closer to the low than the high. → 2018 bear: tested it, bottomed near it → 2022 bear: tested it, bottomed near it This cycle, price dropped below it in June and is now back on it. Price $65,800. The line sits at $63,100. This is not the moment to call the exact bottom. It is the zone to start averaging in. It is better not to try and time the low. Buying the area it sits in has always been enough.
Mister CryptoShare
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