Bitcoin is above the 50-week moving average for the first time since the top.
Last week it got rejected here. This week it's holding at $81K.
The last three times Bitcoin reclaimed this line after a bear: 2015, 2019, 2023. Each one was the start of the next leg. 2019 ran 140% in six weeks.
Needs two weekly closes above $80,358 to confirm. First one is Sunday.
The 4 year cycle is over. It’s done. It’s not coming back. And you should be happy. Bitcoin no longer needs cycles to pump it. It’s pure fundamentals from here on out. Massively bullish. MASSIVELY!
Chart: @AdamBLiv
Sidelined at $77K waiting to buy at $74K?
You're trying to save 3.9%.
To save it you're risking the move to $120K (+56%) or $200K (+160%).
The last time this signal fired in 2019, the dip never came and price ran +40% without the people waiting for it.
That's the trade: risk 56% of upside to save 4% of entry.
Don't get sidelined again.
NFA.