(BTC) costs broke beneath a long-standing assist wave that was instrumental in conserving its robust bullish bias intact after March 2020’s crypto market crash.

Dubbed the 50-week easy shifting common, or 50-week SMA, the wave represents the typical worth merchants have paid for Bitcoin over the previous 50 weeks. Over time, and in 2020, its invalidation as worth ground has contributed to pushing the Bitcoin market into extreme bearish cycles.

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