@CryptoMichNL on X: Many people are comparing exclusively the current cycle
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PortalCriptohttps://portalcripto.com.br/
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Many people are comparing the current cycle exclusively with the previous cycle. However, the previous cycle in #__PROT0__ was the outlier compared with earlier cycles. The price of Bitcoin is currently fluctuating around the 200-week moving average. It is also supported by the 50-month moving average, a support level well known for having marked bottoms in previous bear markets. It takes a lot of effort to break this level and, considering that we are in the middle of the maximum peak in $STRC and Bitcoin, I doubt that we will break it.
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A lot of people are solely comparing the current cycle to the previous cycle. However, the previous cycle on #Bitcoin has been the outlier compared to the cycles before. The price of Bitcoin is currently ranging around the 200-Week MA. It's also resting on the 50-Monthly MA, a very well commonly known support level in previous bear markets to bottom on. It requires a lot of effort to break through this level, and given that we're in the middle of the maximum amount of peak on $STRC and Bitcoin, I doubt we'll break through it.
