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BTCUSD: 2nd Bitcoin Bear Cycle
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BTCUSD, D Short
2nd Bitcoin Bear Cycle

As mainstream media coverage cools off and fewer new investors move into bitcoin, sellers (taking profits) outpace buyers in bitcoin's 2nd cyclical bear market. This type of cycle is familiar to gold and silver investors. Expect bitcoin to float below its 200-day WMA for some time before beginning another bull cycle.

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