• Mid-Top Signal:
➡️ Historically, #Bitcoin has formed a mid-cycle top at the Pi Cycle 350 DMA 2. This moving average has proven to be a reliable signal for identifying temporary peaks during Bitcoin’s price cycles.
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• Key Support Level:
➡️ After hitting this mid-top, #Bitcoin typically retraces and finds support at the Weekly Gaussian Moving Average. This support level has been critical in previous cycles, acting as the launching pad for the next leg up.
• August 2024 Milestone:
✅ In August 2024, Bitcoin successfully found support at the Weekly Gaussian Moving Average, reinforcing the idea that this could be the base for the next significant bullish move.
• What’s Next?:
🔥 With support confirmed, Bitcoin is now in a strong position to begin its real bull parabola. This pattern has played out in past cycles, often leading to substantial gains in the following months.
• Why It Matters:
📈 The confirmation of support in August 2024 mirrors similar patterns seen in previous cycles, suggesting that Bitcoin could be on the verge of a major breakout. If history repeats, the next few months could see Bitcoin entering a powerful upward trajectory.
Stay tuned and prepared, as Bitcoin’s next explosive move might just be around the corner!
