It really can't get any more straightforward for Bitcoin (BTCUSD) than this. Having traded within the same Higher Highs pattern since the December 2017 Cycle Top, every major High was priced and rejected there.

At the same time, this pattern has priced the last 2 major lows (March 2020, November 2022) on the 1W MA350 (red trend-line). In fact it's the 1W MA200 (orange trend-line) - 1W MA350 range that can be called a 'Bottom Zone'.

BTC broke and closed below the 1W MA200 on June and closed the last 2 months below it. When that happened after June 2022, the bottoming process was initiated. The 1W MA350 is currently marginally below the $50000 mark.

Will we get a Bear Cycle Bottom there by October, which is when the 4-year Cycle gets completed? Feel free to let us know in the comments section below!

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