đ Bitcoin's 4-Year Cycles: Mastering Support, Resistance, and Entry Strategies! đ
Analyzing Bitcoin's historical 4-year cycles reveals crucial insights for traders. During bull markets, Bitcoin has surged by as much as 5,293%, while bear markets have seen drops of up to -83%. These significant price changes highlight key support and resistance levels.
Support levelsact as a floor, preventing further price drops, while resistance levels serve as a ceiling, capping price increases. Identifying these levels helps traders make informed entry and exit decisions. For instance, buying near support levels during accumulation phases can be a strategic entry point, anticipating the next bull run.
Overall, understanding these cycles and strategically planning entries around support levels can maximize gains in the volatile crypto market. đđĄ
