Bitcoin bear cycle commenced.
Updated
History tells us that price trading below the 50WMO usually indicates that we are in a bear market. Based on previous time cycles, we are due for a more sustained correction into the four-year cycle low.
Comment
Bear market now in full swing, almost hitting the 2017 bull market highs. I'm looking for a decent bounce here before price continues what I believe will be lower till the end of the year.
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