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Point-of-control

$25,000 Is The Price To HOLD: New Video Up!In a bull market, this blue horizontal line represents the lowest closing price between the point after all 6 MA's moved below the point of control and the point where all 6 MA's were no longer below the point of control. This pattern has happened 3 other times in bitcoins history (2011, 2012, 2020, and now in 2023) but has not happened every cycle. Nevertheless, when this price line is established, the price has never again closed below the line. Will we brake the pattern this cycle? Or will the pattern continue. What are your thoughts?
INDEX:BTCUSDLong
by TheCryptoWeatherChannel

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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