Bitcoin Bull Market Support Band
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Bitcoin Update: Analyzing Bull Market Support Band Expectations for September
Learn the critical moving averages—the 20-week SMA and 50-week SMA—that signal the continuation or conclusion of the current Bitcoin cycle.
Short Summary
- Anticipate Bitcoin testing the 20-week Simple Moving Average (SMA) support zone before the end of September.
- The 50-week Moving Average serves as the primary long-term gauge; two weekly closes below it would suggest the cycle has ended.
- Ethereum achieving new all-time highs recently removed a condition previously believed to be holding Bitcoin higher.
This analysis outlines the expected near-term destination for Bitcoin price action, focusing on historical precedents for post-halving years. Utilize these key support levels (20-week SMA and 50-week SMA) to gauge cycle strength.
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Top Comments (10)
Just sold everything. Market will shoot to the moon tomorrow. Your welcome
definitely did not expect eth rallying to a whopping $100 above ATH before the september pullback in august
This is the most brutal bull market
2:52 I look forward to this resistance at 1.24 million in 2030
There are months when nothing happens and days when months happen.
Oct to December where all gona be laughing to the bank and not even remember these dips.
Bentoshi Nakamoto obviously controls the crypto verse
If bitcoin bleeds to the bitcoin support band below 100k in the next month, the world average for clinical depression will jump to the moon.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
"Trade the market you have, not the market that you want" 💯
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Top Comments (10)
Just sold everything. Market will shoot to the moon tomorrow. Your welcome
definitely did not expect eth rallying to a whopping $100 above ATH before the september pullback in august
This is the most brutal bull market
2:52 I look forward to this resistance at 1.24 million in 2030
There are months when nothing happens and days when months happen.
Oct to December where all gona be laughing to the bank and not even remember these dips.
Bentoshi Nakamoto obviously controls the crypto verse
If bitcoin bleeds to the bitcoin support band below 100k in the next month, the world average for clinical depression will jump to the moon.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
"Trade the market you have, not the market that you want" 💯