Bitcoin is testing the 50-Week moving average. Failure to hold at this stage of the 'cycle' typically means a prolonged drawdown. Are the cycles over? Probably. I'd still like to see a bounce here in the next week or so, even if it means a few months of consolidation.

Bitcoin is testing the 50-Week moving average. Failure to hold at this stage of the 'cycle' typically means a prolonged drawdown. Are the cycles over? Probably. I'd still like to see a bounce here in the next week or so, even if it means a few months of consolidation. https://t.co/tjl77GLgnM