🚨 Bitcoin Halving Cycle Analysis: Learning from the Past 🚨
Let’s take a look back at Bitcoin’s bullish performance during the 2020 Halving cycle. Back then, BTC remained bullish from 2020 to 2021, staying above its MA (50) support level after hitting a high of $64,000. The price touched the MA (50) at $28,989, bounced back, and didn’t revisit this level until December of that year.
However, when BTC eventually broke below the weekly closing MA (50), it continued its descent to $16,000. 📉 This was a critical lesson from the last Halving cycle—once the MA (50) is breached, a downward trend can be significant.
This time, things look little bit same, as discussed in my previous post. I'm personally long from here, expecting BTC to stay above its current levels with strong upward potential. But remember, trade according to your own wallet and risk tolerance. If you're buying, aim for spot positions—otherwise, risk management is essential!
Are you prepared for this next phase? 🚀
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