Basically previous ATH is still resistance although new ATHs posted on all exchanges this cycle
BTC rose prehalving faster than any other cycle which is bullish
Now BTC has broken both the 55 & 200 EMA & SMA which means the bear market is starting in every other cycle
looks like the dreaded death cross is happening
last cycle has the weird double top
If I have to listen to the charts I would say its a bear mkt or minibear mkt already and going lower through the elections and a red xmas
Every other part of me says there is a year left of bull market, BTC barely made the news cycle and it has a ton of pump left and altcoins will still pump
technically the .786 fib from ATH has been tested and can support & the 100day ma as well
BTC rose prehalving faster than any other cycle which is bullish
Now BTC has broken both the 55 & 200 EMA & SMA which means the bear market is starting in every other cycle
looks like the dreaded death cross is happening
last cycle has the weird double top
If I have to listen to the charts I would say its a bear mkt or minibear mkt already and going lower through the elections and a red xmas
Every other part of me says there is a year left of bull market, BTC barely made the news cycle and it has a ton of pump left and altcoins will still pump
technically the .786 fib from ATH has been tested and can support & the 100day ma as well
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